Denmark: Velux cuts 30 jobs, closes offices

Danish roof windows and skylights manufacturer Velux has made 30 workers redundant and closed offices, it was reported on 9 March 2003.
The job cuts come with the closure of the company“s offices in…

Danish roof windows and skylights manufacturer Velux has made 30 workers redundant and closed offices, it was reported on 9 March 2003. The job cuts come with the closure of the company“s offices in Soborg, Vedbaek and Bagsvaerd, eastern Denmark. Operations formerly carried out at these locations are being moved, along with around 100 staff, to company headquarters in Horsholm, eastern Denmark. The redundant employees worked in market support, product development and other administrative areas. Velux is part of Danish industrial holding company VKR Holding. VKR posted a pre-tax profit of DKK 600 million (USD 88.8 million/ EUR 80.8 million) and a turnover of DKK 8.5 billion (USD 1.258 billion/ EUR 1.145 billion ) for 2001. The company will release its financial statement for 2002 on 23 April 2003. VKR has a workforce of 8,000.