Vestas (wind turbine manufacturer) to lay off 3,000 workers as profit slides

NickB79

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Sat Nov-06-10 05:46 AM
Original message

Vestas (wind turbine manufacturer) to lay off 3,000 workers as profit slides

http://www.cnbc.com/id/39844177

"COPENHAGEN, Denmark - Vestas A/S, the world's biggest maker of wind turbines, has posted a 24 percent drop in third-quarter earnings and says it will lay off some 3,000 workers in Denmark and Sweden to adjust to lower demand in Europe.

Net profit was �126 million ($177 million), down from �165 million in the same period last year. Sales dropped to �1.7 billion from �1.8 billion.

The company, based in Randers, Denmark, said Tuesday it shipped a total of 719 wind turbines, or 27 percent less than in the third quarter of 2009."

This story is about 2 weeks old, but I hadn't seen it posted here yet.

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Systematic Chaos

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Sat Nov-06-10 06:08 AM
Response to Original message

1. "This story is about 2 weeks old, but I hadn't seen it posted here yet."

Well, it sure the fuck wasn't going to get posted by a member of the Evergreen Renewable Rainbow Farting Sunshine Brigade, Royal Order of the Kea (tm).

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Canuckistanian

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Sun Nov-07-10 01:34 AM
Response to Reply #1

8. You're funny.

I like you.

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jpak

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Sat Nov-06-10 08:49 AM
Response to Original message

2. Yes, the Great Republican Recession hurt many industries world-wide, including wind turbines

But do not celebrate too soon

Wind power will be back on track back next year

yup

:D

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NickB79

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Sat Nov-06-10 04:17 PM
Response to Reply #2

3. No celebration on my part

But I do question whether wind power will be back on track by next year. With the austerity measures being enacted throughout Europe, and the recent GOP gains, wind power's prospects for growing as rapidly as we need it to to make a dent in CO2 emissions may not as bright as they once were.

I do hope I'm wrong though.

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wtmusic

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Sat Nov-06-10 11:42 PM
Response to Reply #3

6. Wind power never had any serious prospects and never will.

Too little. Too late. Too unpredictable. Too much infrastructure. Too expensive.

Too late.

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NNadir

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Sun Nov-07-10 01:06 AM
Response to Reply #2

7. Back? It never got here.

http://www.eia.doe.gov/cneaf/solar.renewables/page/trends/table1.html">The entire industry isn't even as big as the GROWTH in gas.

This is, by the way, why we hear people like T. Boone Pickens and Gerhard Schroeder saying how wonderful wind is. It's a scam to entrench the waste dumping rock shattering gas industry.

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jpak

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Sun Nov-07-10 08:25 AM
Response to Reply #7

9. 158,000 MW of installed wind turbine capacity says you don't know what you are talikng about

http://www.wwindea.org/home/index.php

:rofl:

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joshcryer

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Sun Nov-07-10 08:38 AM
Response to Reply #9

10. Natural gas is extremely efficient.

I have heard it here on these forums.

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joshcryer

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Sat Nov-06-10 06:53 PM
Response to Original message

4. Vestas actually officially opened their plant here in Colorado recently:

http://www.businessweek.com/ap/financialnews/D9IQB1U80.htm

Lots of jobs for it.

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joshcryer

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Sat Nov-06-10 06:55 PM
Response to Reply #4

5. FYI it's a tower plant, which can make 1090 towers per year:

http://www.bizjournals.com/denver/stories/2010/10/11/daily17.html

Pretty incredible plant, I want to drive by it some day.

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