Last year Moventas nabbed an €80m ($106m) contract to supply gearboxes for Areva’s 5MW offshore turbine. However, that order is apparently not enough to keep the company’s production facilities humming at full capacity.
The layoffs concern the company’s more than 630 workers in Finland, according to chief executive Mikael Laine, with the layoff period to “vary by personnel group during the first half of the year”.
Moventas
