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. 28.29 - Manufacture Of Other General-Purpose Machinery N.E.C.
125 jobs Number of planned job losses
Announcement Date
26 July 2024
Employment effect (start)
26 July 2024
Foreseen end date
26 July 2024
Description
Billund Aquaculture, a prominent Danish company known for its advanced recirculating aquaculture systems (RAS), faced significant financial difficulties, leading to a major restructuring in 2024 and the loss of 125 jobs.
The company, which had been a leader in the aquaculture industry for several decades, was unable to sustain its operations due to financial strain, partly caused by increased competition, rising costs, and project delays. As a result, the company is forced to close down, leading to the dismissal of all 125 employees at Billund Aquaculture. All the employees were informed of the bankruptcy of the company on 26 July 2024, and they were immediately dismissed from their positions
Eurofound (2024), Billund Aquaculture, Bankruptcy in Denmark, factsheet number 201509, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201509.
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