FLSmidth

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Denmark, other locations
Sector
Professional Services
71 - Architectural and engineering activities; technical testing and analysis
71.1 - Architectural and engineering activities and related technical consultancy
71.12 - Engineering activities and related technical consultancy
500 jobs
Number of planned job losses
Job loss
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.

Sources

Citation

Eurofound (2020), FLSmidth, Internal restructuring in World, factsheet number 99841, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99841.