Type
Closure
Country
France
Region
Bassin Parisien; Picardie; Aisne
Location of affected unit(s)
Guignicourt (Aisne)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.81 - Manufacture of sugar

102 jobs
Number of planned job losses
Job loss
Announcement Date
23 May 2007
Employment effect (start)
1 January 2008
Foreseen end date
31 March 2008

Description

Saint-Louis, the French sugar group owned by German S├╝dzucker, announced on 23 May 2007 its decision to close down its cane sugar refining operations in Guignicourt (Aisne), in the north of Paris. The closure will take place between January and March 2008 and all 102 employees will lose their jobs. French unit Saint-Louis said in a statement that the plan had been unveiled to unions during a works council meeting. Saint-Louis has been a unit of Suedzucker AG, one of the world's largest sugar makers, since 2001. Suedzucker said the sugar sector was affected by restrictions arising from the new EU sugar market regulation released on 7 May 2007. Should the European Commission's plan be confirmed in October 2007 and should the French sugar producers need to adapt to the reforms, Saint-Louis would then have to cut down its sugar production by 13.5% by 2008.


Sources

  • 23 May 2007: Les Echos
  • 24 May 2007: Les Echos
  • 24 May 2007: La Tribune
  • 24 May 2007: S├╝ddeutsche Zeitung

Citation

Eurofound (2007), Saint Louis, Closure in France, factsheet number 65388, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65388.