Danfoss A/S

Type
Internal restructuring
Country
Denmark
Region
Danmark; Syddanmark; Sydjylland
Location of affected unit(s)
Nordborg
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
350 jobs
Number of planned job losses
Job loss
Announcement Date
2 October 2008
Employment effect (start)
2 October 2008
Foreseen end date
31 December 2008

Description

Danfoss, a Denmark-based global producer of compressors and condensing units for refrigerators and light commercial applications, has announced that it is to cut 350 jobs (out of 7,000 in Denmark). As of October 2008, it is unknown the exact number of job losses outside Denmark. The company attributed the restructuring to the global financial crisis. The job losses will be achieved through natural wastage and direct dismissals. However, the number of direct dismissals is not yet known. Danfoss and the local unions will agree a set of measures to help redundant workers to find new jobs or re-train.

As reported, Denmark has applied for assistance from the European Globalisation Adjustment Fund (EGF).

Sources

  • 2 October 2008: politiken.dk

Citation

Eurofound (2008), Danfoss A/S, Internal restructuring in Denmark, factsheet number 67297, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67297.