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.
Sauer-Danfoss is to cut 210 jobs by selling its Odense-based production of electromotors to Schabmüller Gmbh in Germany. The production, which is mainly for forklift trucks, will be moved to Germany and some of the specialised redundant employees will be offered jobs in the new company. Sauer-Danfoss had approximately 2700 employees in Denmark before the closure in Odense which is expected to be completed by the end of April 2009.
As reported, Denmark has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2008), Sauer-Danfoss, Closure in Denmark, factsheet number 67967, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67967.