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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production of electricity
370 jobs Number of planned job losses
Announcement Date
20 August 2013
Employment effect (start)
28 August 2013
Foreseen end date
31 January 2014
Description
Bard Engineering GmbH, a leading developer of offshore wind farms, will finish the EU-sponsored construction of Germany's largest offshore wind farm 'Bard Offshore 1' in the North Sea in September 2013.
The company faces problems finding new investors to proceed with developing future new plants. This is why Bard will dismiss 120 workers currently employed on contracted ships.
Bard also announced that even more jobs are at risk, as private interests in investing in offshore wind power plants have been decreasing since public subsidies to the wind power energy sector were cut.
UPDATE 2013-11-26:
Bard announced to close down work in 2014 and make another 250 people redundant. The 300 remaining positions will be taken over by newly founded Offshore Wind Solutions.
Sources
21 November 2013: NWZ online
20 August 2013: NWZ online
Citation
Eurofound (2013), Bard, Closure in Germany, factsheet number 75789, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75789.
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