Transforming an Industry in Decline: Industrial Renewal Processes in Danish Shipbuilding 1975-2015

Thomas Roslyng Olesen

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This paper explores the transformation of Danish shipbuilding from 1975-2015. It identifies 27 firms that were spun out during the closure of four Danish shipyards and finds that several of these firms were able to apply the inherent resources in new activities with more value added. The paper also finds that the competencies of the redundant workers from the four shipyards were useful in other parts of the Danish labor market. The paper sheds new light how internal and external factors influence the transformation of mature industries.
Original languageEnglish
Publication date2019
Number of pages23
Publication statusPublished - 2019
EventEuropean Business History Association 23rd Annual Congress. EBHA 2019 - Erasmus University, Rotterdam, Netherlands
Duration: 29 Aug 201931 Aug 2019
Conference number: 23


ConferenceEuropean Business History Association 23rd Annual Congress. EBHA 2019
LocationErasmus University
Internet address


  • Industrial transformation
  • Shipbuilding
  • Creative destruction
  • Spin-offs
  • Innovation

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