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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
460 jobs Number of planned job losses
Announcement Date
20 September 2021
Employment effect (start)
21 September 2021
Foreseen end date
31 December 2021
Description
As announced on 20 September 2021, the Danish wind turbine manufacturer Vestas is to close its plant at Lauchhammer by the end of 2021, resulting in the loss of 460 jobs. According to Vestas, which produces rotor blades for wind turbines at Lauchhammer, production costs are too high while sales are too low. The market has moved to America and Asia, where Vestas has built new production site in the last years. As of today, there are no information on a social plan for affected employees.
Two years ago, in 2019, Vestas already cut 330 employees in a move to make the Lauchhammer plant profitable.
Eurofound (2021), Vestas, Closure in Germany, factsheet number 105277, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105277.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
