Wind farm firm cutting 1,900 jobs

Wind turbine-maker Vestas Wind Systems is to cut 1,900 jobs – mainly in the UK and Denmark – despite reporting a 70% rise in quarterly profits.

It will be closing its UK turbine plant on the Isle of Wight, cutting 450 jobs.

The Danish firm blamed the headcount reduction, which represents 9% of its workforce, on market oversupply.

It came as Vestas reported a net profit of 56m euros ($73m;