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Suzlon overseas arm to axe 750 jobs

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.

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