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.
On 19 November 2009, Denmark-based manufacturer of wind turbine wings LM Glasfiber announced that it is to relocate a large part of its production to China. The plan involves among other things the phase-out of two factories in Denmark and one in Spain, whereby 700 employees in Denmark and 200 in Spain will be made redundant. The staff cuts will result in the closure of one factory in Hammelev and tanother in Lunderskov. Only one factory, located in Lunderskov, will be left. Chief Operating Officer of LM Glasfiber, Mr Ian Gow, says that labour costs in Europe are too high, and that moving to China is a necessary step to secure the position of LM Glasfiber in the market as preferred partner in the manufacture of wind turbines. According to the daily newspaper Politiken LM Glasbiber has still more than 500 emplyees in Denmark. However, LM Glasfiber has already dismissed 1,900 employees this year, Politiken says.
A negotiation committee from both sides has been set. negotiations started on 20 November with the aim of mitigating the negative effects of this restructuring. As of November 2009, there is no information on when the job cuts will be implemented by.
The Danish authorities have applied for aid from the European Globalisation Adjustment Fund (EGF).
Eurofound (2009), LM Glasfiber, Offshoring/Delocalisation in Denmark, factsheet number 69927, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69927.
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