Avebe B.A.

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products
350 - 440 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2004
Employment effect (start)
1 July 2002
Foreseen end date

Description

Avebe, the Netherlands-based starch-producing firm, has announced the withdrawal of its branches from over 60 countries. The decision to pull out was caused by disappointing profits for the Dutch company.

In 2002, Avebe had already announced a restructuring involving the suppression of 450 jobs worldwide, whereof 350 in the Netherlands.

January 2004. The first job suppression announced in 2002 has been achieved for 50 %. Avebe announced the suppression of 200 jobs worldwide, whereof 90 in the Netherlands. Direct dismissals are not excluded and the job reduction timeline is not known yet.

Sources

  • 29 January 2004: De Financiële Telegraaf

Citation

Eurofound (2004), Avebe B.A., Internal restructuring in Netherlands, factsheet number 59313, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59313.