
Nordex has launched a comprehensive cutback initiative which intends to reduce costs by around EUR 45 million. This means that 400 to 500 of the manufacturer's European staff now face the prospect of layoffs, Nordex has announced.
The cost-cutting plan is attributed to "the continuing decline in demand and the sharp change in market conditions in its core market Germany as well as in other European countries."
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app