MHI Vestas

Type
Internal restructuring
Country
Denmark
Region
Danmark;
Location of affected unit(s)
Nakskov, Lindø, Esbjerg
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
148 jobs
Number of planned job losses
Job loss
Announcement Date
11 August 2020
Employment effect (start)
11 August 2020
Foreseen end date

Description

The windmill producer MHI Vestas is dismissing a total of 148 employees at three factories in Denmark. The factories are located in Nakskov, Lindø and Esbjerg. The dismissals are caused by delays in larger projects, which means that activity is lower than expected. MHI Vestas is owned by Vestas and the Japanese Mitsubishi Heavy Industries. The turnover in MHI Vestas has dropped by 60% in the first six months of 2020. The company experienced a deficit of DKK 45 million (€6 million as at 23 August 2020) during this period. The company had a surplus of DKK 238 million (€32 million) for the same period in 2019.

Sources

Citation

Eurofound (2020), MHI Vestas, Internal restructuring in Denmark, factsheet number 101501, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101501.