Vestas Wind Systems, the world's biggest maker of wind turbines, says it is slashing 7 per cent of its workforce in its second round of lay-offs this year.
The western Denmark-based group says the job cuts of 1400 workers will help it reduce fixed costs by more than 250 million euros ($A299.19 million) as it deals with stiff competition and a market slowdown.
It was not immediately clear where the ax would fall, but Vestas has already announced some lay-offs in the United States.
In January, the company trimmed its workforce by 2335 jobs worldwide. It currently has 20,400 staff.Wednesday's announcement came in conjunction with Vestas' second-quarter earnings report which showed a net loss of 8 million euro, down from a profit of 55 million euroin the same period last year.
The new magazine for a new generation of West Australians.Click here to download »
All the latest market figures from Australia and the world.Click here »
'The West Australian' is a trademark of West Australian Newspapers Limited 2013.
All rights reserved.
Select your state to see news for your area.