Vestas unveils plans for layoffs

In: Turbines
Vestas has announced it intention to lay-off approximately 220 colleagues in primarily Denmark and Great Britain, with the majority being in Denmark. No lay-offs are expected of hourly paid employees.

The lay-offs are part of a restructuring process which the company aims to expand its position in the offshore wind market. As part of this process, Vestas acquired MHI Vestas Offshore Wind (MVOW) and following closing of the agreement, which took place on 14 December 2020, it has begun the integration of Vestas and MVOW into one organisation that is based on one shared operating model and unified culture.

The organisational integration will continue throughout 2021 and include a consolidated and simplified organisational setup, which will be announced internally on February 1st.

Henrik Andersen, Group President and CEO of Vestas, said: “Since we announced the agreement to acquire MHI Vestas Offshore Wind, we have meticulously planned how we can build a united and strong Vestas organisation that can lead and scale up in both onshore and offshore wind. I want to thank everyone for their hard work and dedication during a difficult period where my colleagues have contributed to both the integration planning and execution of commercial commitments. We have now started implementing our integration plans, which unfortunately includes letting around 220 hardworking colleagues go. It is never easy to make such a decision or say goodbye to good colleagues but integrating and simplifying two companies inherently creates overlaps between functions and it’s therefore necessary if we want to create a competitive and scalable organisation.”

Vestas will now go into a consultation process with relevant employee representatives and aims to have clarity for most employees by end of January. Due to certain legal processes and requirements, the process may, however, take slightly longer outside Denmark. Following the announcement of lay-offs, Vestas employs more than 29,000 globally and around 6,000 in Denmark across onshore and offshore activities.

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