Vestas to lay off 400 employees globally

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THE Danish wind-turbine manufacturer Vestas will lay off approximately 400 employees globally, with some 75 percent being in northern and central European markets, in a bid to adapt to changing markets, it announced Friday.

“Vestas is seeing a shift in growth from more traditional wind markets to high-growth markets primarily outside of Europe. Accordingly, this requires Vestas to shift its global footprint to ensure costs are balanced with activity levels,” Vestas said in a press statement.

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