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Vestas sheds jobs

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Vestas sheds jobs

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The world’s biggest wind-turbine maker Vestas, is cutting nearly 2,000 jobs.

The Danish company which is cutting about nine percent of its workforce , mainly in the Denmark and the UK, blamed market overcapacity It said the wind power industry is suffering a funding crisis, not a demand crisis. Vestas and its competitors have benefited from a global drive to reduce the use of fossil fuels.