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.
Siemens is a German company. The wind turbine operation of Siemens Group is moved from its factory in Brande, (Denmark) to a factory in Cuxhaven (Germany). Danish knowledge and experience about wind turbines is not enough to saturate the fast-growing industry. The new manufacturing plant is scheduled to begin production in mid-2017 and the company will recruit more than 1,000 employees. The new plant will reduce ground-transport cost of turbine components as it allows large offshore components to be loaded directly onto transport vessels. In this case, reshoring production and concentration of firm competencies releases capacity for Danish manufacturing to produce more on-shore wind turbines in Denmark.
Eurofound (2017), Siemens, Reshoring in Germany, factsheet number 138, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/138.