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German wind turbine maker Enercon to cut 3,000 jobs - newspaper

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11/08/2019 | 11:23am EST
A views shows an E-66 wind turbine manufactured by German company Enercon in Nibas, Picardie region

Germany's Enercon, the world's sixth-largest wind turbine maker, is cutting 3,000 jobs, or 17% of total staff, daily Sueddeutsche Zeitung reported, not citing where it obtained the information.

The unlisted group competes with Denmark's Vestas, Siemens Gamesa, General Electric as well as Nordex, and relies heavily on the German market, which has seen a sharp decline in turbine installations.

Enercon was not immediately available for comment on the cuts, which were also reported by several other German media.

In its latest auction last month, Germany's network agency awarded just 204 megawatts MW of wind capacity, less than a third of the 675 MW on offer.

"The crisis of the energy shift has reached us now, too," Enercon boss Hans-Dieter Kettwig was quoted by Sueddeutsche Zeitung as saying, without being more specific. "The government has pulled the plug on us."

(Reporting by Markus Wacket; writing by Christoph Steitz; editing by Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
ACCIONA S.A. 0.05% 92.05 End-of-day quote.24.49%
GENERAL ELECTRIC COMPANY -0.45% 11.06 Delayed Quote.46.63%
NORDEX SE -0.71% 12.53 Delayed Quote.66.75%
SIEMENS AG -0.67% 116.02 Delayed Quote.19.94%
SIEMENS GAMESA RENEWABLE ENERGY -0.86% 14.485 End-of-day quote.37.31%
VESTAS WIND SYSTEMS -0.84% 663 Delayed Quote.35.87%
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