Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Cloetta, a Swedish leading confectionery company in Northern Europe, has announced the closure of two branches in the Netherlands and one in Belgium. The company will build a new factory in the Netherlands that will bring together the production from the branches in the Netherlands and Belgium. The closure of the 3 branches will imply the loss of 350 jobs; 115 in Belgium (Cloetta 2022 - BE) and 235 in the Netherlands (Cloetta 2022 - NL). Cloetta assures that the majority could work in the new location but hasn't informed of where exactly in the Netherlands will the factory be located. The new factory should help increase the company's profit, modernise processes, and reduce the C02 emissions. It will start to be built in 2023 and should be fully operational in 2026. If the employees will stay employed in the meantime is unclear. Cloetta is currently in conversation with the European Works Council and local unions regarding the situation.
The company's products are sold in more than 50 countries worldwide and it has headquarters and offices in Germany, Sweden, Netherlands, Denmark, Finland, UK and Norway. Overall, the firm employs about 2,600 workers.
Eurofound (2022), Cloetta, Closure in European Union, factsheet number 106836, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106836.