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.
South East; Hampshire and Isle of Wight; Isle of Wight
Location of affected unit(s)
Newport
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
600 jobs Number of planned job losses
Announcement Date
29 April 2009
Employment effect (start)
30 June 2009
Foreseen end date
30 June 2009
Description
Danish wind turbine manufacturer Vestas Wind Systems is to make 600 job cuts in the UK when it closes its Isle of White factory in June. The company blames the reduced demand in Northern Europe and intends to expand in China and the US, where demand is greater. There will be a 2 - 3 month consultation with workers, to give career and retraining support, advice and guidance to those affected. The TUC's general secretary said the UK job losses "would not only be a blow to the emerging green sector, but would also be a personal tragedy for the hundreds of workers affected locally."
Sources
29 April 2009: BBC Website
29 April 2009: The Guardian
Citation
Eurofound (2009), Vestas Wind Systems, Closure in United Kingdom, factsheet number 68865, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68865.
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