Vestas cuts jobs in Pueblo
The layoffs represented about 3 percent of its 3,000 employees in the United States and Canada, according to the company. The company did not reveal exact figures, but the reduction amounts to 90 employees.
Vestas blamed the layoffs on a market slowdown stemming from uncertainty about whether Congress will extend a wind tax credit.
SPONSORED CONTENT
Business Cares: May 2024
As Mental Health Awareness Month unfolds in Colorado, it serves as a reminder of the collective responsibility to prioritize mental well-being.
“Vestas has noted that many wind power jobs are at risk if Congress does not extend the (Production Tax Credit) – not only at Vestas, but also within the hundreds of domestic supply chain manufacturers that serve the wind industry in North America,” the company said.
The statement did not mention whether layoffs also might occur at its factories in Windsor and Brighton and a spokesman declined to comment further.
Monday’s layoffs followed a Vestas announcement earlier this year that it would lay off 2,335 people worldwide.
In that round of layoffs, Vestas cut a small number of jobs at Colorado locations, the spokesman said.
The layoffs represented about 3 percent of its 3,000 employees in the United States and Canada, according to the company. The company did not reveal exact figures, but the reduction amounts to 90 employees.
Vestas blamed the layoffs on a market slowdown stemming from uncertainty about whether Congress will extend a wind tax credit.
“Vestas has noted that many wind power jobs are at risk if Congress does not extend the (Production Tax Credit) – not only at Vestas,…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!