Vestas

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Denmark, other locations
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
275 jobs
Number of planned job losses
Job loss
Announcement Date
21 March 2022
Employment effect (start)
21 March 2022
Foreseen end date
31 December 2022

Description

Danish wind turbine systems manufacturer Vestas has announced that it will cut 275 jobs around the world, 75 of whom are in Denmark. The company complained about the cost pressures from the supply chain and logistics, therefore it needed to adjust its activity.

Founded in 1898 in Denmark, Vestas currently employs over 29,000 people worldwide.

Previous job cuts announced by the company are recorded in the ERM database in 2021, with the closure of three factories located in Germany, Denmark, and Spain and 650 job cuts (Vestas2021-EU).

Sources

Citation

Eurofound (2022), Vestas, Internal restructuring in World, factsheet number 106620, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106620.