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Large round of layoffs at Bladt Industries

Large round of layoffs at Bladt Industries

25-01-2017 12:00:00

Bladt Industries, headquartered in Aalborg are on their way to fire up to 230 employees. 90 permanent employees equivalent to 15 percent will be fired. Around 140 non-permanent employees won't have their contracts extended when they expire.

"Currently we're seeing a clear trend in offshore wind that work towards electricity prices going down from year to year. This means that the entire value chain of projects must contribute at lower cost. It requires that we at Bladt and all others in the industry focuses on reducing our costs," says CEO Jan Kjærsgaard at Bladt Industries of Northern Jutland.

The reason for the cuts is that the market for offshore wind farms is pressured because of falling prices for electricity generated by wind power. Bladt Industries provides foundations and offshore transformers for offshore wind farms. It is one of the company's main business areas.

During this week, Bladt Industries will name the persons to be dismissed. Bladt Industries is owned by the private equity fund Nordic Capital VII, registered based on the British Channel Island Jersey.

Source: Nordjyske / Maritime Denmark

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