EMCC European Monitoring Centre on Change

Vestas Wind Systems

Company/Organisation:
Vestas Wind Systems

Geographic Location

Country: European Union
Location of affected unit(s): Denmark, UK

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Group: Vestas

Employment Effects

Announcement Date: 28-04-2009
Planned Job Reductions min: 1900
Planned Job Reductions max: 1900
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-06-2009
Foreseen End Date: 30-09-2009
Direct Dismissals: 1900

Additional Information

The Danish based producer of windmills, Vestas, has announced that it is to cut 1,900 jobs Europe-wide due to a crisis in the sales of windmill, in particular in Northern Europe. The job losses will mainly concern the departments in UK and Denmark. Most of the announced layoffs (i.e. 1,275) will affect the departments in Denmark. According to Vestas, the job losses are due to the financial crisis and global recession.