SUGAR LAND--February 15, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)-- Vestas Wind Systems (OTC:VWDRY) (Randers, Denmark), which is a Danish manufacturer, installer, seller and servicer of wind turbines , has undergone a number of extreme changes over the past few years. In November 2011, the executives announced that the company was going to be reorganized. As a result of a challenging and unpredictable wind industry, Vestas had to let go of 5,000 employees in 2012. In 2011, the company had 22,721 employees, and in 2012, this number was reduced to 17,778. Clearly, 2012 was an extremely tough year for the company. Executives explained in a conference call on February 6, 2012, that the company had the target of reducing costs by more than $535 million (400 million euros) in the 2012/2013 time period. In 2013 so far, Vestas has been able to reduce costs by more than $334 million (250 million euros).