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
275 jobs Number of planned job losses
Announcement Date
21 March 2022
Employment effect (start)
21 March 2022
Foreseen end date
31 December 2022
Description
Danish wind turbine systems manufacturer Vestas has announced that it will cut 275 jobs around the world, 75 of whom are in Denmark. The company complained about the cost pressures from the supply chain and logistics, therefore it needed to adjust its activity.
Founded in 1898 in Denmark, Vestas currently employs over 29,000 people worldwide.
Previous job cuts announced by the company are recorded in the ERM database in 2021, with the closure of three factories located in Germany, Denmark, and Spain and 650 job cuts (Vestas2021-EU).
Eurofound (2022), Vestas, Internal restructuring in World, factsheet number 106620, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106620.
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