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Thursday, January 12, 2012

Cheap Chinese Imports cause more Layoffs

read more from oregonlive...

"Vestas, the Danish maker of wind turbines, will cut 2,335 jobs worldwide – and warns it could lay off a further 1,600 at its U.S. factories, which report to Portland headquarters, if a tax credit is not extended beyond this year.

Vestas faces tough competition from low-cost manufacturers in China, as well as subsidy cuts in Europe, which is embroiled in a financial crisis."

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