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.
Wind turbine blade producer LM Glasfiber announced in early January that it is to cut 450 jobs in Denmark as a result of the on-going financial crisis. LM Glasfiber is owned by the British Equity fund Doughty Hanson & Co. The management and employees' representatives will now begin negotiations about a plan for the further development of the mass redundancy focussing on other job possibilities and job re-training. The Social Democrats are appealing in the Parliament to the Minister of Employment to take special action in this case of mass redundancy and spend funds from a special scheme under the Budget Act, which can be used in large cases of redundancies.
Eurofound (2009), LM Glasfiber, Internal restructuring in Denmark, factsheet number 67766, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67766.