LM Wind Power

Type
Closure
Country
Denmark
Region
Danmark; Syddanmark; Sydjylland
Location of affected unit(s)
Lunderskov
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
200 jobs
Number of planned job losses
Job loss
Announcement Date
25 February 2020
Employment effect (start)
1 March 2020
Foreseen end date
18 May 2020

Description

The Danish producer of wind turbine blades , LM Wind Power, announces that the company is closing two factories in Lunderskov, Southern Jutland, whereby 200 employees will be made redundant. The management has started obligatory negotiations with the employees' representatives with the aim to find measures mitigating the effects of the closures. According to the CEO, price reductions and the level of demand indicate that it will be too expensive for the company to maintain wind turbine blades production in Denmark. The offices and the development facilities of the company stay in Lunderskov.

Sources

Citation

Eurofound (2020), LM Wind Power, Closure in Denmark, factsheet number 99907, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99907.