Thursday, January 12, 2012

Denmark’s Green Europe Meets Chinese Wall as Vestas Cuts Jobs to Survive - Bloomberg

Denmark’s push for a green Europe suffered a reality check as domestic wind turbine producer Vestas Wind Systems A/S (VWS) cuts back one tenth of its workforce to survive Chinese competition and a slump in demand. “When global development is lagging, we have a challenge,” Jan Hylleberg, chief executive officer of the Danish Wind Industry Association, said in an interview yesterday. “Most important for the Danish industry in these times are the political decisions that need to be taken, especially in Europe.” Prime Minister Helle Thorning-Schmidt was confronted with the job cuts yesterday at her first press conference with European Commission President Jose Manuel Barroso. Denmark, which took over the European Union’s rotating presidency Jan. 1, this week called for an increased focus on green technologies to cut emissions and secure energy safety in the 27-nation bloc, in part to highlight the country’s prowess in wind technology.

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