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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
1,900 jobs Number of planned job losses
Announcement Date
28 April 2009
Employment effect (start)
1 June 2009
Foreseen end date
30 September 2009
Description
The Danish based producer of windmills, Vestas, has announced that it is to cut 1,900 jobs Europe-wide due to a crisis in the sales of windmill, in particular in Northern Europe. The job losses will mainly concern the departments in UK and Denmark. Most of the announced layoffs (i.e. 1,275) will affect the departments in Denmark. According to Vestas, the job losses are due to the financial crisis and global recession.
Eurofound (2009), Vestas Wind Systems, Internal restructuring in European Union, factsheet number 68820, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68820.
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