Vestas Wind Systems

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
500 jobs
Number of planned job losses
Job loss
Announcement Date
17 March 2004
Employment effect (start)
1 March 2004
Foreseen end date
1 May 2004

Description

In 2003 the Danish worldwide operating wind mill company Vestas merged with another Danish company, NEG Micon. Together they have 9,000 employees. On March 17, Vestas announced that 500 employees would be dissmissed within the next two months as a result of the merger. No specific location was mentionned.

Sources

  • 17 March 2004: Berlingske Tidende

Citation

Eurofound (2004), Vestas Wind Systems, Internal restructuring in World, factsheet number 59505, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59505.