Viking Genetics

Type
Reshoring
Country
Denmark
Reshoring from
Finland
Reshored business function
Production
Region
Danmark; Midtjylland; Østjylland
Location of affected unit(s)
Assentoft
Sector
Agriculture / Forestry / Fishing
01 - Crop and animal production, hunting and related service activities
01 - Crop and animal production, hunting and related service activities
01 - Crop and animal production, hunting and related service activities
No information on job gains number available
Announcement Date
3 January 2018
Employment effect (start)
1 January 2018
Foreseen end date
1 September 2018

Description

Viking Genetics is a breeding company whose headquarter is located in Denmark but it is owned by 20,000 Danish, Swedish and Finnish farmers. More specifically, the company use high-tech methods to develop effective breeding programs. It also genomically test bulls to select the most convenient for the breeding programs. Due to the current overcapacity, VikingGenetics decided to redesign its organizational architecture and to redefine the role of local units, giving them a more  specialized tasks.More specifically, facilities in Bovlund (Denmark) and Hollola (Finland) will be phased out and their activities will be relocated at Assentoft (Denmark). The restructuring is estimated to be completed in September 2018.

Sources

Citation

Eurofound (2018), Viking Genetics , Reshoring in Denmark, factsheet number 88, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88.