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.
Danish Wind turbine giant Vestas launches a round of redundancies, which will result in 590 jobs lost in Denmark and Germany. According to the company, this is done to meet new production needs. The dismissals will hit two of the Vestas Group's factories, which are responsible for the European production of blades for the V136 mill. At the blade factory in Lem in Western Jutland, Vestas shuts down this blade type production completely. This means that 90 employees at the Danish factory were dismissed, which corresponds to 12% of the workforce at the factory. The remaining 500 redundancies hit the factory in German Lauchhammer, where Vestas is also severely reducing the production of blades for the V136 mill. This corresponds to approximately half the workforce.
The unions and the management at Lem will now try to find ways to mitigate the effects of the redundancies for the employees.
Eurofound (2019), Vestas, Internal restructuring in Denmark, factsheet number 98872, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98872.
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