Vestas Wind ADR (VWDRY)

[ergo sum]

Wind-turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant.

The cuts represent 29 percent of the plant's workforce. Vestas also had laid off workers at plants in Brighton and Pueblo.

Vestas cited a decrease in wind-turbine orders stemming from the looming December expiration of a federal tax credit on electricity generated from wind.

The tax credit is a hot political issue that figures to define a portion of the presidential campaign. President Barack Obama and many Democrats support it; challenger Mitt Romney and many Republicans oppose it.



Read more: Vestas Wind Systems trims about 200 more Colorado jobs - The Denver Post http://www.denverpost.com/business/ci_21754574/vestas-wind-systems-trims-about-200-more-colorado#ixzz295OniNN0
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