Danish Industry Emigrating Overseas

Half of Danish businesses are putting new investment overseas Nearly one in every two big Danish firms with plans to invest in production machinery will be making those investments abroad. The finding comes from a study of 368 companies by…


Nearly one in every two big Danish firms with plans to invest in production machinery will be making those investments abroad.


The finding comes from a study of 368 companies by the Confederation of Danish Industry (DI).


After ranking the companies by size, the study revealed that just one in five of the largest Danish companies – those with 100 or more employees – plans to make capital investments in Denmark.


“It’s no problem for the individual company that invests in new production machinery and becomes more competitive in a foreign country. But it is a problem for Denmark that expensive wage-earners with outdated equipment prevent them from doing it here,” Kent Damsgaard, of DI, told Jyllands-Posten newspaper. “That pushes down their productivity further.”

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