Vestas Wind Systems A/S rose to a 2 1/2 year high in Copenhagen trading after the world’s biggest wind turbine maker boosted its outlook for 2013, saying its two- year program to revive profit is on track.
Vestas Wind Systems A/S, the Danish turbine maker that’s been unprofitable for two years, agreed to form a venture to develop offshore wind energy with Mitsubishi Heavy Industries Ltd. Vestas’s shares surged.
Vestas Wind Systems A/S, the world’s largest maker of wind turbines, hasn’t won an order in the largest global market since 2008. Chief Executive Officer Ditlev Engel aims to change that this year, with an expansion that may topple General Electric Co.’s U.S. lead.
Members of Vestas Wind Systems A/S’s executive management team have held meetings to discuss the performance of Chief Executive Officer Ditlev Engel, Borsen reported, citing sources close to the talks that the newspaper didn’t identify by name.
Vestas Wind Systems A/S, the world’s biggest wind turbine maker, said it will halt production at one factory and cut 2,335 jobs, or 10 percent of its staff, to become more competitive with Chinese suppliers.
Vestas Wind Systems A/S tomorrow plans to announce organizational changes that may cut thousands of jobs at the world’s biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.