German wind power manufacturers lay off workers despite booming industry
More and more electricity around the world will be generated with wind power turbines but Germany鈥檚 large manufacturers continue to lay off workers at home and abroad, Dow Jones Newswires reports. Senvion, Nordex, Enercon, and Siemens-Gamesa are among the companies reducing staff, 鈥�also due to political requirements鈥�, the article says. Labour union IG Metall K眉ste says up to 2,000 jobs have been lost in the industry in Germany in 2017. Demand for wind turbines is generally on the rise around the world but stock prices of the German companies have plummeted in recent months. Difficult market access in booming China, a more hostile business environment for renewables in the US, and the shift to auctions in Germany all contribute to the manufacturers鈥� malaise, Dow Jones Newswires says.
IG Metall K眉ste adds that the expansion caps for renewable energy in Germany had to be removed. Regional union head Meinhard Gelken said the 鈥渟top-and-go鈥� in Germany鈥檚 Energiewende policy over the last years had to stop in order 鈥渘ot to risk the energy transition鈥檚 chances鈥�.
Read the IG Metall K眉ste press release in German .
Find background in the article Booming German wind power sector fears 2019 cliff, and the factsheet From survey to harvest: How to build a wind farm in Germany.