Vestas Closing Isle of Wight Factory

You may have realised that the Danish wind turbine manufacturer Vestas have announced a raft of job losses worldwide, including the closure of the factory on the Isle of Wight which employs 450 people and more details on this can be found on the BBC.

Whilst I realise that this is a business decision, one has to ask why this has been done. Despite the credit crunch, there is still demand for wind turbines in the UK. At the same stage, recent currency fluctuations have made foreign manufactured turbines much more expensive. As such, it would be expected that the plant should be financially viable, and so it has been suggested that the only reason it is not is due to the UK having a regulatory environment which isn't as generous as that in other countries. This is a view I would also subscribe to, and this is why I have signed a petition addressed to the Prime Minister, asking that chnages be made, and I would urge you to do it as well.