In a potentially critical blow to the development of the wind energy sector, GE Vernova, one of three leading manufacturers of wind turbines, confirmed it is looking at scaling back this portion of its business. The company’s plan would leave only two large Western manufacturers as well as the emerging competition from Chinese companies.
The company confirmed reports that it has made a filing with its European Works Council, which would be the first step toward layoffs for its operations in France. EU labor regulations require the company to notify and involve its unions in any planned reorganization.
The company said it is looking at what it called a “downsizing to transform its offshore business globally into a small, learner, and more profitable business.” The reports say it could involve cutting as many as 900 jobs with a third or more of the cuts reportedly planned for the company’s two facilities in…
