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
100 - 160 jobs Number of planned job losses
Announcement Date
22 March 2018
Employment effect (start)
24 March 2018
Foreseen end date
Description
The Chinese owned wind turbine tower manufacturer, Titan Wind, plans to cut jobs at its factories in Varde and Esbjerg, Denmark. According to the general manager, it remains unclear how many of the 160 employees at the two factories will be laid off. The compulsory negotiations on the number of redundancies between the management and employee organisations have started. Titan Wind stated at the end of 2017 that violent price pressure on subcontractors in the wind turbine industry has had a negative impact on the company. The first redundancies will start on the 24th March.
Sources
22 March 2018: EnergyNews
Citation
Eurofound (2018), Titan Wind , Internal restructuring in Denmark, factsheet number 93756, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93756.
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