Type
Closure
Country
Germany
Region
Baden-W├╝rttemberg; Karlsruhe; Karlsruhe
Location of affected unit(s)
Karlsruhe
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.82 - Manufacture of cocoa, chocolate and sugar confectionery

150 jobs
Number of planned job losses
Job loss
Announcement Date
10 May 2005
Employment effect (start)
31 December 2005
Foreseen end date
31 December 2005

Description

Traditional maker of sweets Ragolds is to close its operations at the end of 2005. The owner announced that there is no perspective for a return to sustainable profitable business. Ragolds has in the past suffered from shrinking market shares for its main products and from growing competition. The management has entered negotiations with the workers' representatives about a redundancy programme.


Sources

  • 12 May 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Ragolds, Closure in Germany, factsheet number 61568, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61568.