Danish wind power firms cuts 1400 workers
Danish wind power firms cuts 1400 workers

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 West Australian

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