Nordex plans to halt wind turbine blade production at its Rostock GVZ site in Germany with the loss of 600 jobs, citing a “challenging market” where relentless downwards pressure on power prices has hit manufacturers’ profitability.
The German OEM will consult workers representatives over ending manufacturing at the site at the end of June.
Nordex – which employs 3,150 in Germany and 8,600 globally – said market conditions and changing demand patterns were behind the move.
It said price competition between developers had seen “those power producers who submit the lowest bids awarded the contract and then pass on the price pressure to the turbine manufacturers.
