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. 28.12 - Manufacture of fluid power equipment
90 jobs Number of planned job losses
Announcement Date
27 September 2019
Employment effect (start)
1 October 2019
Foreseen end date
31 December 2019
Description
Danish Wind turbine giant Vestas launches a round of redundancies, which will result in 590 jobs lost in Denmark and Germany. According to the company, this is done to meet new production needs. The dismissals will hit two of the Vestas Group's factories, which are responsible for the European production of blades for the V136 mill. At the blade factory in Lem in Western Jutland, Vestas shuts down this blade type production completely. This means that 90 employees at the Danish factory were dismissed, which corresponds to 12% of the workforce at the factory. The remaining 500 redundancies hit the factory in German Lauchhammer, where Vestas is also severely reducing the production of blades for the V136 mill. This corresponds to approximately half the workforce.
The unions and the management at Lem will now try to find ways to mitigate the effects of the redundancies for the employees.
Sources
27 September 2019: News release from Vestas Wind Systems (www.vestas.com)
Eurofound (2019), Vestas, Internal restructuring in Denmark, factsheet number 98872, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98872.
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