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.
Professional Services Scientific, Architectural And Engineering Technical Activities Architectural And Engineering Activities; Technical Testing And Analysis 71.12 - Engineering activities and related technical consultancy
500 jobs Number of planned job losses
Announcement Date
21 January 2020
Employment effect (start)
1 February 2020
Foreseen end date
Description
The Danish multinational company FLSmidth cuts the number of employees by about 500. FLSmidth provides global cement and mineral industries with factories, machinery, services and know-how. According to the management, the reason for the cuts is industry restraint and delays of large capital investment in the global market.
The Group has a total of 11,400 employees in 60 countries. About 80 of the affected employees are affiliated to the head office in Valby, in the municiplality of Copenhagen, Denmark, while the remaining 420 are distributed at regional offices around the world.
There is no information about a foreseen end date for the reorganisation yet.
Eurofound (2020), FLSmidth, Internal restructuring in World, factsheet number 99841, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99841.
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