Nordex needs to cut jobs

Wind Industry Profile of

Savings of around EUR 45 million to be achieved by 2018 / 400–500 jobs to be cut

The Nordex Group has adopted a cost-cutting programme to respond to the continuing decline in demand and the sharp change in market conditions in its core market Germany as well as in other European countries, as already announced before. In addition to planned savings in the cost of materials and other operating expenses, it also intends to lower its personnel expenses. Nordex wants to reduce these costs by a total of EUR 45 million in 2018. Of this, the cost of materials and other operating expenses will account for EUR 21 million and personnel costs for EUR 24 million. Against this backdrop, the company has now informed the employee representatives that it intends to reduce the... ... More: Official Press Release Nordex

Keywords:

Nordex, job, cut, savings, backdrop