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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.71 - Manufacture Of Bread; Manufacture Of Fresh Pastry Goods And Cakes
500 jobs Number of planned job losses
Announcement Date
2 January 2024
Employment effect (start)
2 January 2024
Foreseen end date
2 January 2024
Description
As announced on 2 January 2024, the German bakery chain Lila Bäcker is cutting approximately 500 jobs due to internal restructuring.
In October 2023, Lila Bäcker filed for insolvency. However, the last possible investor retreated in December 2023. As a consequence, Lila Bäcker, who is facing tough market conditions with rising energy and resource costs, is closing a third of its branches and dismissing approximately 500 employees. According to the company, Lila Bäcker regrets the dismissal of its employees, and emphasises that this step is being taken to make the company competitive again.
As of now, Lila Bäcker has 1,100 employees and 160 branches in Germany.
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