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.
In a press release dated 10 August 2009, the management at Odense Stallskibværft (Odense Stell Shipyard) announced that the shipyard in Munkebo, Denmark will close due to a long period of weak order intake, dismissing 175 workers. The reduced staff will be adapted to the ongoing production which will continue until February 2012, when the last large ship leaves the shipyard in Munkebo, northern Fuen. The first 175 redundancies will take effect from the end of August 2009. Odense is the last of the large shipyards in Denmark.
The Danish authorities have applied for aid from the European Globalisation Adjustment Fund (EGF).
Eurofound (2009), Odense Staalskibsværft, Closure in Denmark, factsheet number 69445, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69445.