EANS-News: Nordex adjusts production capacity in China
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Subtitle: Work force will be reduced by 130 positions to at the Dongying rotor blade production facility Layoffs & Downsizing Hamburg (euro adhoc) - Effective as of the end of 2012, the Nordex Group will reduce the work force by around 130 positions at its rotor blade production facility in Dongying. In doing so, it is responding to the declining capacity utilisation at its Chinese rotor blade production facility and the losses sustained in China. "By reducing structural costs, we want to take steps to ensure sustainable profitability in our Chinese activities by the end this year," explains Jürgen Zeschky, Nordex's CEO. Until demand in China recovers Nordex will use external suppliers, who have previously worked for the company, to cover all of its rotor blade requirements for current and future contracts. Further inquiry note: Ralf Peters Head of Corporate Communication Tel.: +49 (0)40 300 30 15 22 rpeters@nordex-online.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Nordex SE Langenhorner Chaussee 600 D-22419 Hamburg phone: +49 (0)40 30030-1000 FAX: +49 (0)40 30030-1101 mail: info@nordex-online.com WWW: http://www.nordex-online.com sector: Alternative energy ISIN: DE000A0D6554, DE0000A0D66L2 indexes: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original content of: Nordex SE, transmitted by news aktuell