Restructuring events
European Restructuring Monitor (ERM)
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.
Fiberline Composites, a producer of components for wind turbine blades, has announced a restructuring programme involving the offshoring of all areas of production to India. The move means that 120 of the company’s 170 positions at the Danish site will be cut. Production is expected to be closed in May 2025, after which it will continue in India. The remaining 40-50 employees will be employed in administrative and strategic positions in Denmark.
Fiberline Composites has decided to implement the restructuring programme due to the market situation and Chinese competition.
Fiberline Composites is a subsidiary of the Swiss group Gurit, a leading manufacturer of composite materials, tooling automation, core kitting and composite structural engineering services.
Eurofound (2024), Fiberline Composites, Offshoring/Delocalisation in Denmark, factsheet number 201354, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201354.