The Danish windmill producer Vestas, announced on 20 April 2020, it will cut 400 positions due to the economic effects of the COVID-19 pandemic. The company has also informed that the management will have a wage decrease of 10% until the end of 2020. The redundancies will primarily affect locations in Denmark, while a limited number of redundancies will perhaps hit other locations in Europe.
The company's CEO explained that the business is in a period of high uncertainty, and by making this strategic decision, the company will maintain competitiveness in the future.
Vestas has around 5,000 employees in Denmark and around 24,300 worldwide.