Senvion to split up and fire staff

The German wind turbine maker has not taken any bids for the entire enterprise, but rather has received "advanced offers" for parts of the business. A resolution is expected soon.

BY MAZ PLECHINGER

Plan A seems to be going awry for Senvion. The insolvent wind OEM has not received any bids for the entire company and instead continues its efforts to sell the "profitable core business areas". On the other hand, the producer reports having received "advanced offers" for those parts and aims to present its plans at a creditor meeting on Sept. 10, the company informs in a statement.

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