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.
Professional Services Scientific, Architectural And Engineering Technical Activities Architectural And Engineering Activities; Technical Testing And Analysis 71.1 - Architectural and engineering activities and related technical consultancy
100 - 200 jobs Number of planned job losses
Announcement Date
19 January 2009
Employment effect (start)
1 March 2009
Foreseen end date
31 August 2009
Description
Against the backdrop of a global economic downturn, the Danish engineering company FLSmidth plans to cut up to 200 jobs in the project department in Valby, close to Copenhagen, in order to create the necessary flexibility and be better prepared for future uncertainties in the markets. This was announced to the Danish Financial Supervisory Authority on 19 January 2009. At global level FLSmidth is cutting 600 jobs in all. Statutory national negotiations will be initiated with the relevant Danish labour market organisations. FLSmidth expects that the downsizing of its workforce will have 'a limited positive effect on the earnings for 2009 and a full impact in 2010'.
Eurofound (2009), FLSmidth Danmark, Internal restructuring in Denmark, factsheet number 67957, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67957.
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