The woes in the renewable energy sector continue unabated. We’ve heard a number of headlines of jobs being lost in the solar industry – now jobs are being lost in wind as well.
According to news reports, the world’s largest wind tuirbine manufacturer, Vestas, will lay off another 2300 workers worldwide, along with a possible additional 1600 jobs in the USA. The reason is sluggish demand. The company also announced the closure of a number of facilities. Last year the company had laid off 3000 employees.According to the German language CO2 Handel, 1300 jobs will be lost at the headquarters in Aarhus Denmark.
The wind turbine manufacturer had again lowered its forecast for sales turnover for 2011 and now expects 6 billion instead of 6.4 billion euros in turnover.”
The company no longer believes it’ll make a profit. CBS News writes:
…a potential slowdown in the United States could also result in the layoff of an additional 1,600 employees there.”
Last year, Vestas laid off 3,000 workers after posting a 24 percent drop in the third quarter.”
According to Global Winnepeg, job losses in the USA will depend on whether or not the company will get more handouts from the taxpayers:
It said the U.S. layoff plans would mainly depend on whether the Production Tax Credit — which gives a favourable low tax rate to makers of renewable energy — would be extended or not. In 2010, Vestas was awarded about $51 million in tax credits through the U.S. federal stimulus program.”