NewEnergyNews: WORLDWIDE WIND WORKER LAYOFFS

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • Weekend Video: Tesla Adds World’s Biggest Battery To Aussie Wind
  • Weekend Video: Solar And The Next Utilities
  • Weekend Video: Wind Builders On Wind
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-The Climate Change Gourmet
  • FRIDAY WORLD HEADLINE-UK Study Says Yes To Solar-Powered Electric Trains
  • FRIDAY WORLD HEADLINE-First Aussie Ocean Wind Project Gets $8BIL Funding
  • FRIDAY WORLD HEADLINE-EU Solar Goes Digital To Open New Services
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, December 7:

  • TTTA Thursday-City Mayors Unite To Fight Climate Change
  • TTTA Thursday-New Energy And Big Oil Unite Against Subsidies For Coal And Nuclear
  • TTTA Thursday-California Would Sell Only EVs After 2040
  • TTTA Thursday-Utilities In A Time Of Solar
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: California Grid Users Collaborate to Streamline Communication Systems
  • ORIGINAL REPORTING: How To Get The Big Benefits Of Grid-Integrated Water Heaters
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: Global Battery Energy Storage Competition Tightening
  • QUICK NEWS, December 5: Hope Or Fear For The Climate Fight?; New Energy Hits New U.S. Market Share Highs; Wind,Solar Make Grid Stronger And Power Cheaper
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • TODAY AT NewEnergyNews, December 11:

  • TODAY’S STUDY: How The New Energy Marketplace Is Growing And Shifting
  • QUICK NEWS, December 11: N.C. Millennial Women Unite For Climate Fight; The White House Threat To New Energy; What’s Bad News In The Tax Bill For New Energy

    Friday, December 14, 2012

    WORLDWIDE WIND WORKER LAYOFFS

    Sinovel to Put 351 Workers on Leave Amid Slump in Turbine Sales

    November 15, 2012 (Bloomberg News0

    “Sinovel Wind Group Co…the world’s biggest wind-turbine marker by market value… put 351 workers [of its 2,873 person workforce] on leave…because of an industry-wide slump in sales…The company will pay workers normal wages for the first 30 days of leave and then 80 percent of the Beijing minimum wage for an indefinate period after that…Beijing’s mininum wage is 1,260 yuan ($202) per month.

    “The number of workers accounts for 12 percent of Sinovel’s employees last year. The Chinese company joined Gamesa Corp. Tecnologica SA of Spain and Denmark’s Vestas Wind Systems A/S (VWS) to scale back the workforce as competition gutted margins across the industry and subsidy cuts in the U.S. and Europe slowed sales…”

    “…[Sinovel] last month posted its biggest quarterly loss since its initial public offering in January 2011…[and] expects a loss this year as ‘macroeconomics’ and government policies curtail orders…Delayed payments from customers may push up financial costs and bad-debt provisions, it said.

    “Gamesa said…[in Octobber] it will cut 20 percent of its workforce, while Vestas fired 2,335 in January and reduced manufacturing to contain widening losses.”

    0 Comments:

    Post a Comment

    << Home