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
150 - 160 jobs Number of planned job losses
Announcement Date
14 January 2021
Employment effect (start)
14 January 2021
Foreseen end date
Description
Vestas, a large windmills manufacturer, plans to cut 220 employees as a consequence of the acquisition of the company MHI Vestas concluded in December 2020. Of the 220 dismissals, between 150 and 160 workers are to be dismissed in Denmark and the rest in the UK.
The dismissals will affect both supply chain, technology and operations and concerns both land and offshore wind business. The company cannot guarantee that there will not be further dismissals in the near future.
Eurofound (2021), Vestas, Merger/Acquisition in Denmark, factsheet number 103528, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103528.
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