Vestas to open new jobs in Colorado - report

Nov 8, 2013 - Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) plans to open hundreds of new jobs at three of its factories in Colorado as a response to growing demand, the Denver Business Journal said Thursday.

The company, which has four production facilities in the state, will be hiring in the first half of next year mainly for its blade manufacturing plants in Windsor and Brighton. At the site in Brighton, the company also makes wind turbine nacelles. Vestas’ spokesman Andrew Longeteig told the news journal that it could not yet reveal a more specific number. It is also not clear whether the jobs will remain permanent after the federal production tax credit expires again at the end of 2014.

Vestas already added hundreds of jobs earlier this year at the Pueblo plant, where it manufactures steel towers for turbines, as activity in the wind power segment started to rebound. At present, the company's headcount in Colorado amounts to 1,300 people.

Vestas said its net loss had halved to EUR 87 million (USD 117m) in the third quarter of 2013 from EUR 175 million a year ago. Revenues declined 27% to EUR 1.44 billion.

(EUR 1.0 = USD 1.341)

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