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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.73 - Wholesale of wood, construction materials and sanitary equipment
260 jobs Number of planned job losses
Announcement Date
24 September 2020
Employment effect (start)
24 September 2020
Foreseen end date
Description
Velux manufactures windows and accessories for windows. The company is dismissing 260 employees in Denmark. The dismissals are part of a planned restructuring and have no connection with the Covid-19 crisis. In the future Velux will transform its national structures into a regional structure with four European submarkets.
In Denmark 130 of the dismissals are mainly within sales and marketing departments. Furthermore, the company has announced the closure of its production facility in Skærbæk which entails the dismissal of another 130 employees. This brings the total dismissals to 260 in Denmark.
In addition, the company will dismiss around 330 in other countries offices around Europe.
Velux is also planning to build an innovation centre in Østbirk, Denmark, where it will hire 200 employees.
Velux has 27 production sites in 10 countries and sales companies in 40 countries. The company has 1231 employees in Denmark and 11500 globally.
Eurofound (2020), Velux, Internal restructuring in Denmark, factsheet number 102196, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102196.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
