Restructuring events
European Restructuring Monitor (ERM)
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.
The international wind mill producer based in Aarhus, Denmark, MHI Vestas Offshore Wind, is creating 414 new manufacturing jobs at the company's blade factories in Lindø in Munkebo and Nakskov. This will double the number of employees at the two sites.
Both Lindø in Munkebo (on Fuen) and Nakskov (on Lolland) were formerly large shipyards before they, as many other large European shipyards, were forced to close due to intense competition from countries such as South-Korea and China. However, the size and location of the former shipyards made them particularly suitable for the production of windmills and blades at the time when the windmill industry was growing rapidly in Denmark. Moreover, the company is now producing a new generation of extra-large offshore mills with 80 metre blades that requires more space, which only Nakskov and Lindø can offer.
MHI Vestas Offshore Wind is jointly owned by Danish Vestas Wind Systems and Japanese Mitsubishi Heavy Industries. The company is reported to have previously created 100 new manufacturing jobs in the UK in November 2016. In November 2016, Vestas also announced that 350 employees at the company's wing factory in Lem would be made redundant.
Eurofound (2017), MHI Vestas Offshore Wind, Business expansion in Denmark, factsheet number 90499, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90499.