in News Departments > New & Noteworthy
print the content item

In its continued quest to save costs, Vestas says it intends to sell one of its buildings in Aarhus, Denmark, and relocate a number of its commercial functions and employees to Copenhagen. The company's headquarters and CEO office will remain in Aarhus.

The turbine maker claimed the end of its two-year turnaround program - which included a 30% workforce cut and plant closings - in February. However, Vestas says its new "Profitable Growth for Vestas" strategy includes initiatives to "improve operational excellence," such as site consolidation and simplification of the company's geographical footprint.

The commercial functions selected for relocation include global sales, global marketing, communications and corporate relations, and finance (excluding IT). All 200 or so employees working in the affected functions will be offered to relocate to Copenhagen.

Vestas says the relocation is expected to begin in April and be finalized by year-end. The company expects the move will increase its flexibility, free up cash and generate savings of approximately EUR 10 million annually.






Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Renewable NRG_id1934
Navigant_id1983