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 10.82 - Manufacture of cocoa, chocolate and sugar confectionery
1,070 jobs Number of planned job losses
Announcement Date
10 March 2005
Employment effect (start)
Foreseen end date
Description
Confectionery giant Mars is cutting 700 jobs at sites in the UK as production is transferred overseas. The company will close one of its main UK factories in Slough, Berkshire, with the loss of 500 jobs over two years. A further 200 posts will go at the firm's five other plants in Leicestershire, Peterborough, Kings Lynn and Leeds.
Owners Masterfoods said it was reducing its workforce by more than 1,000 across Europe, with 370 jobs also being lost in France and Germany. Production of Twix bars would move to France and Germany, while Starburst sweets would be made in the Czech Republic. Union officials have criticised the plans, saying Mars had refused to consult with workers' representatives.
Sources
11 March 2005: The Guardian
10 March 2005: BBC News
Citation
Eurofound (2005), Masterfoods, Internal restructuring in European Union, factsheet number 61251, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61251.
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