| Submit your comments on this article |
| Economy |
| Danish Wind Turbine Company That Received Over $50 Million In Stimulus Lays Off 800 Workers |
| 2012-10-14 |
| A Danish wind turbine company whose subsidiaries received over $50 million in U.S. stimulus dollars announced on Friday it has cut more than 800 jobs in the United States and Canada this year and may be forced to lay off another 800 employees in North America. This is yet another green energy ... the attempt to produce energy without using fossil fuel. The preferred methods are solar, wind, geothermal, phlogiston, philosophers' stones, and rattling bears' teeth. The approach with the most promise involves attaching generators to perpetual motion machines, but using Words of Power to summon energy-rich demons may also work. The greenin the term refers to the vast number of greenbacks that have been thrown at the problem since 1973 with indifferent results... company that received wasteful stimulus funds and does not even have anything to show for it. According to Rooters, Vestas, the wind turbine maker, saw its order intake go down by 24 percent during the first half of the year. "The U.S. wind industry has slowed, largely due to the uncertainty surrounding the Federal Production Tax Credit extension," said Martha Wyrsch, head of Vestas-American Wind Technology, Inc. Vestas said without more tax credits and stimulus funds, the company will have trouble competing. Vestas executives, according to Rooters, told investors that "it would stop non-profitable projects," especially in Europe and America, where demand for its products have plummeted. |
| Posted by:Fred |
| #8 Silly landlubbers - SEA TURBINE, D *** NG IT, SEA TURBINE, NOT LAND! FTLG the Co. main plexes isn't even based on high-altitude mountains or ridges. |
| Posted by: JosephMendiola1 2012-10-14 23:33 |
| #7 FORWARD! |
| Posted by: tu3031 2012-10-14 10:20 |
| #6 Oblahblah spreadin' the economic magic around the globe... |
| Posted by: regular joe 2012-10-14 10:11 |
| #5 In a previous life, my former employer was courting Veatas to build the blades and the tools/molds; Vestas wanted a Cadillac at Chevy prices; the plan was to build then ship the tools to a new, as yet not finished plant in the Midwest. When I left, they were still arguing about it, no doubt while still collecting stimubux. |
| Posted by: USN, Ret. 2012-10-14 10:08 |
| #4 Green=naive and ignorant, too. |
| Posted by: Grunter 2012-10-14 09:33 |
| #3 Green = economically unsustainable. |
| Posted by: Bright Pebbles 2012-10-14 08:56 |
| #2 Couldn't the turbinations have waited until after the election? This is obviously RACIALLY motivated! I blame Daneland. |
| Posted by: Besoeker 2012-10-14 07:59 |
| #1 Betcha O & Co, for all their Ivy League degrees, never heard of Danegeld. |
| Posted by: g(r)omgoru 2012-10-14 02:08 |