August 29, 2019 / 8:37 AM / 24 days ago

Vestas cuts jobs in Denmark on low European demand

(Reuters) - Danish wind turbine maker Vestas (VWS.CO) will dismiss about 90 employees on its Danish factory in Ringkobing, the company said on Thursday, citing a downturn in demand for wind turbines in the European market.

“To accommodate the current dive in demand on the European market and maintain our competitiveness, we have to scale down production of nacelles and hubs for the 4 MW platform in Ringkobing,” the company said.

The company currently has about 530 employees at the factory.

Reporting by Nikolaj Skydsgaard and Andreas Mortensen; Editing by David Goodman

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