Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The windmill producer MHI Vestas is dismissing a total of 148 employees at three factories in Denmark. The factories are located in Nakskov, Lindø and Esbjerg. The dismissals are caused by delays in larger projects, which means that activity is lower than expected. MHI Vestas is owned by Vestas and the Japanese Mitsubishi Heavy Industries. The turnover in MHI Vestas has dropped by 60% in the first six months of 2020. The company experienced a deficit of DKK 45 million (€6 million as at 23 August 2020) during this period. The company had a surplus of DKK 238 million (€32 million) for the same period in 2019.
Eurofound (2020), MHI Vestas, Internal restructuring in Denmark, factsheet number 101501, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101501.
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