Type
Internal restructuring
Country
Denmark
Region
Location of affected unit(s)
Sector
Professional Services
Scientific, Architectural And Engineering Technical Activities
Architectural And Engineering Activities; Technical Testing And Analysis
71.12 - Engineering activities and related technical consultancy

130 jobs
Number of planned job losses
Job loss
Announcement Date
29 September 2016
Employment effect (start)
Foreseen end date

Description

The Danish-based multinational company, FLSmidth, is a global engineering company supplying one source plants, systems and services to the cement and minerals industries. On 29 September 2016 the company announced that 130 jobs in Denmark will be cut as a result of lower turnover due to a decreasing number of large projects. Furthermore, there is currently a need for more service activities at cement and mining factories, and FLSmidth is prioritising this situation at the moment by restructuring their expenses accordingly. FLSmidth has 13,000 employees at the global level. As of October 2016, there is no information about the foreseen end date of the redundancies.


Sources

  • 29 September 2016: Borsen.dk

Citation

Eurofound (2016), FLSmidth, Internal restructuring in Denmark, factsheet number 88781, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88781.