Medea

Type
Internal restructuring
Country
Slovakia
Region
Vychodne Slovensko; Kosicky kraj;
Location of affected unit(s)
Košice
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products
200 jobs
Number of planned job losses
Job loss
Announcement Date
22 February 2007
Employment effect (start)
1 March 2007
Foreseen end date

Description

Medea bakery in Košice, which is owned by Czech Delta Company associated with Luxembourg United Bakeries group, will reduce its production till the end of February 2007. Around 200 employees will be dismissed there. The main reason for the restructuring are the low prices in the local bakery market, which do not cover the real production costs in Medea bakery.

Sources

  • 22 February 2007: Hospodárske noviny

Citation

Eurofound (2007), Medea, Internal restructuring in Slovakia, factsheet number 64969, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64969.