Job Cuts at Wind Turbine Makers Show Competition Intensifying

Sept. 27, 2019, 10:40 AM

Competition in the wind energy industry is getting tougher than ever, forcing even the biggest manufacturers to slash more than a thousand jobs in the past few days.

Vestas Wind Systems A/S, the world’s largest maker of wind turbines, said Friday it was cutting about 590 jobs, adding to the 90 already announced in August. Siemens Gamesa Renewable Energy SA detailed plans to eliminate 600 jobs in Denmark, the home of the industry where wind regularly meets more than half the power demand.

The most mature renewable technology is one of the cornerstones in the switch to a greener...

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