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.
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
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.
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