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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
200 jobs Number of planned job losses
Announcement Date
25 February 2020
Employment effect (start)
1 March 2020
Foreseen end date
18 May 2020
Description
The Danish producer of wind turbine blades , LM Wind Power, announces that the company is closing two factories in Lunderskov, Southern Jutland, whereby 200 employees will be made redundant. The management has started obligatory negotiations with the employees' representatives with the aim to find measures mitigating the effects of the closures. According to the CEO, price reductions and the level of demand indicate that it will be too expensive for the company to maintain wind turbine blades production in Denmark. The offices and the development facilities of the company stay in Lunderskov.
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