EMCC European Monitoring Centre on Change

Vestas Wind Systems

Company/Organisation:
Vestas Wind Systems

Geographic Location

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

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 22000

Employment Effects

Announcement Date: 29-04-2009
Planned Job Reductions min: 1900
Planned Job Reductions max: 1900
Type of Restructuring: Closure
Employment Effect Start: 01-06-2009

Additional Information

Wind turbine manufacturer Vestas Wind Systems has announced 1900 job losses, mainly in the UK and Denmark, despite rising profits. The Isle of Wight plant will stop production in June, cutting 600 jobs. A further 1300 jobs will go in Denmark, although no timeframe was given for these. The company blames the reduced demand in Northern Europe and intends to expand in China and the US, where demand is greater. There will be a 2 - 3 month consultation with workers, to give career and retraining support, advice and guidance to those affected. The TUC's general secretary said the UK job losses "would not only be a blow to the emerging green sector, but would also be a personal tragedy for the hundreds of workers affected locally."