LM Glasfiber: 900 jobs to go

Danish wind-turbine blades maker LM Glasfiber A/S announced on 19 November 2009 that it will be taking measures to adapt production to decreasing demand, which will include a reduction of the European…

Danish wind-turbine blades maker LM Glasfiber A/S announced on 19 November 2009 that it will be taking measures to adapt production to decreasing demand, which will include a reduction of the European workforce by 900 employees, 700 of whom in Denmark. LM Glasfiber, owned by UK private equity firm Doughty Hanson & Co, said that it will phase out large-scale manufacturing at two plants in Denmark and one in Spain. The Danish company will, at the same time, invest in a new global technology centre in Denmark and continue to expand in high-growth markets, especially in China. The reasons behind the moves, according to LM Glasfiber, are prompted by increasing competition in the wind industry and shift in demand to markets outside Europe. The Danish company will, however, continue to produce 61.5-m (201.8-ft) blades mainly for the Danish offshore market. This means that LM Glasfiber“s domestic operations, including the planned global technology centre, will have a combined workforce of over 500 people.