Windflow to sack staff as UK, NZ energy markets remain slow

Thu, 22 Jan 2015

By Suze Metherell Jan. 23 (BusinessDesk) - Windflow Technology, the unprofitable wind turbine manufacturer, will sack staff to reduce costs in the face of slow planning and production in the UK and weak demand in the New Zealand market. The Christchurch-based company said it will reduce staff numbers as it focuses on the UK market for sales of its wind turbines, it said in a statement yesterday. The company shifted its focus away from New Zealand, where oversupply of electricity has sapped demand and investment in renewable technology....

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