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 August 18th, windmill producer Siemens Gamesa Renewable Energy announced plans to cut 740 jobs in Denmark and in the US. 600 jobs will be lost at the Aalborg factory in Denmark and the restructuring will affect further 130 employees who will be relocated elsewhere. The cuts will also affect the Kansas's factory (US) where 140 jobs will be eliminate. The company anticipated the job reduction to start on 30 September 2017. The internal restructuring will reduce costs and increase the competitiveness of the company.
Eurofound (2017), Siemens Gamesa, Internal restructuring in World, factsheet number 91938, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91938.