German turbine manufacturer, REpower, has announced it will aim to save €100m during the current financial year (2013/14). Up to 750 job losses are on the horizon, but the company has not revealed where the job cuts will be made.
Speaking about the decision, REpower chief executive, Andreas Nauen, said that although the long-term outlook for the wind energy industry looks good, the medium term was "uncertain and volatile".
Owned by Indian wind turbine firm Suzlon, REpower is competing for turbine orders in the European offshore market. Its 5MW and 6.15MW models power the 325.5MW Thornton Bank project, while its 5MW turbine powers Vattenfall’s 150MW Ormonde wind farm, off England’s north west coast. But forward orders from offshore wind developers are thin on the ground and appear limited to supplying RWE Innogy with 48 units of the 6.15MW design for Nordsee Ost. REpower is also, possibly, in line to supply Nordsee 1-3.
In March, REpower said it was allowing contracts with around 400 temporary staff to expire at its offshore wind blade subsidiary, Powerblades. At the time, REpower said the job losses were due to delays in investment decisions about German offshore projects, which has meant fewer turbine orders.