According to reports, Suzlon Group’s wholly-owned subsidiary REpower Systems plans to cut about 750 jobs worldwide as part of its streamlining process to make the organisation more efficient and competitive.
The Hamburg-based company, which makes onshore and offshore turbines, is said to have around 3,300 employees worldwide. It produces and markets wind turbines.
Andreas Nauen, Chief Executive Officer, REpower Systems, said: “This is a necessary, but a painful development. We plan to keep compulsory redundancies to a minimum.”
REpower’s central functions would be arranged globally. “This is a pre-requisite for being able to react to market conditions more quickly and with greater flexibility. Only in this way will we remain a reliable partner with products tailored to meet our customers’ requirements.”
He added the company has to realise cost savings of around €100 million in 2013-14 financial year. The focus here is on measures for strengthening efficiency, and hence, the future viability of REpower, he said.