Wind turbine industry leader Vestas announces 3,000 jobs cut

COPENHAGEN: Danish company Vestas, the world leader in the wind turbine industry, said on Tuesday it would cut 3,000 jobs, mainly in Denmark, because of slow growth in Europe.

"In 2011, the European market growth will, however, not live up to Vestas' expectations, which is why Vestas is compelled to adjust its capacity in Europe," the company said in its third-quarter earnings report.

It added it would close down a number of factories, "primarily in Denmark, where costs are highest."