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.
Denmark-based multinational wind turbine producer Vestas has announced that it will dismiss 2,335 employees globally of which 1300 in Denmark. The Danish redundancies will affect 550 hourly paid workers in production and 750 salaried employees in administration. The production of wind turbines in Varde is to close and administration in Århus, Hammel, Lem and Ringkøbing is being downsized. Vestas will continue to employ 20,400 employees globally and 5,300 in Denmark.
As reported, Denmark has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2012), Vestas, Internal restructuring in Denmark, factsheet number 72953, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72953.
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