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.
Danemark, Sweden, other countries in the EU and World
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
3,000 jobs Number of planned job losses
Announcement Date
26 October 2010
Employment effect (start)
1 January 2011
Foreseen end date
Description
On October 27th, Vestas, a Danish wind turbines manufacturer, announced to cut 3000 jobs worldwide which accounts for 12% of its workforce. Denmark is the country most affected by the plan with 2000 redundancies. The job reduction measure includes the closing of five plants across Scandinavia due to excess capacity and decreasing order volume from Europe, according to the management.
Eurofound (2010), Vestas, Internal restructuring in World, factsheet number 71184, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71184.
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