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 - Manufacture of machinery and equipment n.e.c.
737 jobs Number of planned job losses
Announcement Date
15 December 2003
Employment effect (start)
1 October 2003
Foreseen end date
Description
LM Glasfiber produces wings for windmills. In December 2002 LM Glasfiber dismissed 137 employees, in March 2003 70 employees, in May 450 jobs and in October a further 80. The reason is a recessive market in Germany. Unions and Public Employment Service are informed and work together in finding other jobs or training programmes. The number of 3100 employees mentioned (hereof 2340 in DK) was the number employed in December 2002 when the redundancies started.
Sources
8 April 2003: Jyllands-Posten
15 February 2002: Politiken
29 September 2003: www.sid.dk
6 March 2003: Erhvervsbladet
Citation
Eurofound (2003), LM Glasfiber, Internal restructuring in Denmark, factsheet number 59788, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59788.
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