Type
Closure
Country
Denmark
Region
Fyns amt;
Location of affected unit(s)
Svendborg
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

625 jobs
Number of planned job losses
Job loss
Announcement Date
25 August 2005
Employment effect (start)
1 September 2005
Foreseen end date
31 December 2005

Description

Vestas, the world's largest manufacturer of windmills, informed in connection with the publishing of its half-year results that 625 employees will be made redundant due to a cutback in economy. Vestas Towers in Svenborg, Fuen, will be closed and a smaller number of employees will also be made redundant in Randers and Hammel. Furthermore, 100 job positions will not be re-employed.


Sources

  • 25 August 2005: Politiken

Citation

Eurofound (2005), Vestas Towers, Closure in Denmark, factsheet number 62162, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62162.