LM Wind Power announced the closure of their blade production factory in Turkey that employed 700 people. In Denmark, LM Wind Power appears to be cutting highly-qualified engineering and support staff. This news comes just days after their parent company, GE Vernova, became a stand-alone company. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of IntelStor, Phil Totaro. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. If you want intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com. A lot of news coming out of LM Wind Power. today. This is Friday, April 5th. All news reports indicate that the facility in Turkey is being closed and has been closed for a couple of days, evidently. And there is a massive shift happening, layoffs, at least 700 in Turkey. It sounds like up to a couple hundred, mostly focused in Denmark at the moment. Phil, what is happening behind the scenes here? Philip Totaro: There's quite a bit. Obviously what G. E. Vernova has said publicly about this and LM for that matter, is that they want to focus on profitability. And simply put, they just didn't seem to have enough order book to justify continuing the factory in Turkey. Now we've talked before on the show about the fact that Turkey has one thing going for it as a market, which is not just the domestic demand that they've got which is reasonable, although not entirely robust but they have a favorable currency trade against the U. S. dollar, which means that if you're using Turkey as an export market, it's theoretically is a great place. TPI's there. There are a few other companies that have manufacturing facilities there. But the issue for LM is they weren't for the blade lines that they have in Turkey. They weren't getting enough orders for those blade lines that they have set up. And so I guess for them, it makes more sense to consolidate into their production facilities in Spain and Denmark. As well as what they have currently in, in North America. And India and China for that matter. Allen Hall: Several months ago, LM Wind Power was headed a direction of essentially separating Europe from the Americas, and running it as two separate businesses. And now this happens.