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. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
650 jobs Number of planned job losses
Announcement Date
18 September 2012
Employment effect (start)
1 October 2012
Foreseen end date
Description
On 18 September Vestas, Danish wind turbine producer, announced plans to cut 650 jobs in Denmark by the end of September 2012.
The redundancies will affect 331 hourly-paid and 319 salary-paid employees.
The cuts are the response to the reduced public subsidies for wind power and fierce competition in the market.
The announced job cuts are in addition to the previously announced 1,300 job cuts.
Sources
18 September 2012: Fagbladet3f.dk
Citation
Eurofound (2012), Vestas, Internal restructuring in Denmark, factsheet number 74152, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74152.
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