Vestas Wind Systems A/S, the biggest wind turbine maker, may report its first quarterly profit in 2 1/2 years following a turnaround plan that aimed to reduce costs and slash 30 percent of its workforce.
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.
Vestas Wind Systems A/S, the world’s biggest wind-turbine manufacturer, is seeking to raise capital after a two-year turnaround program dragged the company out of debt and resulted in its first quarterly profit since mid-2011.
The Alliance St. Louis docked at the Port of Beaumont in Texas this month and rolled out 179 armored trucks. Two weeks later, it was at a Delaware port loading 1,000 General Motors Co. cars and trucks bound for overseas.
Vestas Wind Systems A/S, the world’s largest wind turbine maker, was the biggest loser on Copenhagen’s benchmark index today after Suzlon Energy Ltd. won an order some investors had expected the Danish firm to get.
Vestas Wind Systems A/S is copying strategies used by mobile phone operators and Rolls-Royce Holding Plc, boosting its maintenance and spare parts business to a record to salvage flagging profit from manufacturing.