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.
Sauer-Danfoss, producer of hydraulic equipment is to cut another 400 jobs, this time in Nordborg (325 production workers) and Kolding (75 white-collar workers). The employees are shocked by this new round of dismissals, not the least due to the high amount of job losses and the fact that it only recently announced the closure of its Odense plant with the loss of 210 jobs in December 2008. According to Sauer-Danfoss, the company's personnel department will initiate a series of support measures for the employees affected. Sauer-Danfoss is an American listed company which is 55% owned by Danfoss, also based in Nordborg.
As reported, Denmark has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2009), Sauer-Danfoss, Internal restructuring in Denmark, factsheet number 67970, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67970.
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