Moventas, a major producer of turbines for wind power stations, is cutting staff. The company plans to reduce personnel because of the impact of slow market recovery from the global financial crisis.
At present Moventas employs around 600 people at its plant in Jyväskylä. Its plans call for slashing 150 work/years at the facility. Just two weeks ago, another wind power company, Winwind, dismissed 23 employees in Oulu.
Moventas will keep R&D operations and production of key components in Jyväskylä. However, some assembly and testing will be shifted closer to its major customers in North America and Asia.
The company is one of the world's leading producers of gears for use in wind turbines. Its volume of business last year was around 237 million euros. Worldwide, Moventas employs some 1200 people in eight countries.
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