Danish wind-turbine blade manufacturer LM Glasfiber said 6 January 2009 it had cut 450 of 2,220 domestic jobs, or some 20% of staff, to adapt to lower activity levels in the financial crisis.
The com…
Danish wind-turbine blade manufacturer LM Glasfiber said 6 January 2009 it had cut 450 of 2,220 domestic jobs, or some 20% of staff, to adapt to lower activity levels in the financial crisis. The company has seen delays in the set-up of turbines due to funding conditions becoming more difficult, which has reduced demand and order intake for blades. “Some 70% of the dismissed staff were involved directly in the blade output, while the rest were employed at the administration,” Richard Andrew Bevan, head of the division LM Glasfiber Northern Europe, told local news agency Direkt-dk. “We consider the current situation temporary as the long-term prospects for the wind turbine industry are still very positive,” Mr. Bevan said. “We will again be ready to raise our capacity once the financial crisis has faded and the European Union (EU) takes to implementing its goals within renewable energy,” he added. Mr. Bevan did not wish to forecast how long the low activity in the sector would last but pointed out the firm was still optimistic about 2010 and 2011, and that demand for large blades was unchanged. He said LM Glasfiber did not plan to cut its prices.