Danish wind turbine-maker Vestas has announced plans to lay off 220 employees in Denmark and Britain, as it begins the integration of its onshore and offshore wind businesses. The company has started the integration of Vestas and MHI Vestas Offshore Wind (MVOW), after closing the agreement to acquire the latter in December last year. The MVOW acquisition, which was announced last October, was expected to help Vestas in becoming one of the leading players in the offshore wind industry by 2025. Now, Vestas has begun integrating the two entities into one organisation based on one shared operating model and unified culture. With the integration, the company intends to build a competitive organisation across its onshore and offshore businesses.
NS Energy 15th Jan 2021 read more »