EMCC European Monitoring Centre on Change

Vestas

Company/Organisation:
Vestas

Geographic Location

Country: Denmark
Region: Århus amt
Location of affected unit(s): Århus, Lem

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
Number Employed: 5000
Group: Vestas

Employment Effects

Announcement Date: 20-04-2020
Planned Job Reductions min: 400
Planned Job Reductions max: 400
Type of Restructuring: Internal restructuring
Employment Effect Start: 20-04-2020
Direct Dismissals: 400

Additional Information

The Danish windmill producer Vestas, announced on 20 April 2020, it will cut 400 positions due to the economic effects of the COVID-19 pandemic. The company has also informed that the management will have a wage decrease of 10% until the end of 2020. The redundancies will primarily affect locations in Denmark, while a limited number of redundancies will perhaps hit other locations in Europe.

The company's CEO explained that the business is in a period of high uncertainty, and by making this strategic decision, the company will maintain competitiveness in the future.

Vestas has around 5,000 employees in Denmark and around 24,300 worldwide.

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