Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
International producer of windows, Velux, is to offshore 100 jobs from Bagsværd near Copenhagen to factories in Poland and Slovakia. In a press release issued on 2 October 2014, the company unveiled the plan to move jobs from factories in Denmark and Scotland to Eastern Europe. The reorganisation of activities within Europe is expected to save 20-30 million Euro on an annual basis. The offshoring of actovotoes is to take place in autumn 2015.
Danish union 3F has opposed this decision because the factory in Hungary, where to the Scottish jobs are to be moved, has received financial support from the EU regional fund to improve employment in the regions. The factory manager in Hungary, and Velux, claim that the funds was not spent to move jobs from one EU country to another and that the application for the funds was in line with EU rules.
Eurofound (2015), Velux, Offshoring/Delocalisation in Denmark, factsheet number 84699, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84699.