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 9 June 2010, the owners of Wittenborg in Odense, N & W Global Vending has announced their plans to move production of Wittenborg vending machines from Odense to the company's production facilities in Valbrembo in Italy. 300 employees in Odense will lose their jobs. The goal of the company is to strengthen Wittenborg's market position, reduce costs and adjust production to future development.
According the daily paper Fyens Stiftstidende Wittenborg was in 2000 bought by a private equity fund that with a second vending machine factory, Necta in Italy, merged into N & W Global Vending Group. Since then Wittenborg development department moved to Italy, and today the entire production.
The management and the employees representatives will soon take up the obligatory discussions about the future of the redundant employees.
Eurofound (2010), Wittenborg, Offshoring/Delocalisation in Denmark, factsheet number 70622, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70622.
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