“Cos without massive initial and ongoing TAXpayer subsidies its dead in the water/wind,” says reader.
A total of 2335 employees are expected to be made redundant,” said Vestas in a statement today.
In addition, the company said it may lay off an additional 1600 people in the US.
Vestas last week issued a profit warning, saying sales for 2011 would be around $494.80 million lower than expected a few months ago, and that its expenses would be about $154.63 million more than previously forecast due to higher production costs.
It said it was preparing for “a potential slowdown in the US in case the present Production Tax Credit (PTC) is not extended.
Thanks to Laurel for this link