Nordex To Cut 130 Positions In China
NAW Staff, Monday 03 December 2012 - 12:21:02
German wind turbine manufacturer Nordex
says it will cut 130 positions at its Dongying, China, rotor-blade production facility by the end of the year.
The company says the decision is a result of lower demand and sustained losses in China.
"By reducing structural costs, we want to take steps to ensure sustainable profitability in our Chinese activities by the end of this year," says Jurgen Zeschky, Nordex's CEO.
Until demand in China recovers, Nordex will use external suppliers that have previously worked for the company in order to cover all of its rotor-blade requirements for current and future contracts.
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