Denmark's Vestas intends to lay off approximately 400 employees across its global organization, with around 75 percent being in markets in northern and central Europe, the company announced Friday.
Vestas said in a written statement that its global workforce stood at 24,300 as of June 30, making this staff reduction represent approximately 1.6 percent of the total staff.
"The legal process for collective dismissals will now commence and be done in accordance with legal requirements," the press release read, adding the organizational changes would lead to annual savings of approximately €30 million from 2019.
Vestas CEO and President Anders Runevad underlined that the decision was not easy, but necessary.
"It's always hard to let good, hardworking colleagues go, but with most of market growth expected to be outside of Europe, our global footprint must reflect the market development we see in order to grasp those growth opportunities," he said.
"With today’s announcement, Vestas continues to proactively manage its cost base and ensure an agile organisation that enables us to invest in products and services that meet customer needs and markets where we can capture future growth," he added.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr
