EMCC European Monitoring Centre on Change

Vestas

Company/Organisation:
Vestas

Geographic Location

Country: European Union
Location of affected unit(s): Denmark, Germany, and Spain

Company

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

Employment Effects

Announcement Date: 20-09-2021
Planned Job Reductions min: 650
Type of Restructuring: Closure
Employment Effect Start: 20-10-2021
Foreseen End Date: 30-06-2022

Additional Information

Danish wind turbine systems manufacturer Vestas has announced that it will cut 650 positions at its European production facilities by the end of June 2022. The company is to close its three factories located in Germany, Denmark, and Spain.

According to the company's CEO, plants' closures are needed to optimise the production of future wind turbines, especially in light of current 'fast-moving energy transition' which require to evolve their 'manufacturing footprint'.

The factories in Viveiro (Spain) and Lauchhammer (Germany), with 115 and 460 employees respectively, are expected to be closed by the end of 2021, while the unit in Esbjerg (Denmark), with 75 employees, is to be shut in the first half of 2022. Vestas will continue to produce onshore and offshore wind turbines at its 12 factories across Europe.

Founded in 1898 in Denmark, Vestas currently employs around 24,000 people worldwide.

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