Restructuring events
European Restructuring Monitor (ERM)
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.
Sevath, a food industry specialised in the canning and freezing of vegetables, is to cut 130 jobs in the location of Xanthi. The source revealed on 26 November 2008 that Sevath is going into liquidation, resulting in the loss of its overall workforce.
According to the source, due to a government’s recent regulation those employees close to retirement (about 60 people) will be placed, under special agreement, in Local Authority Organizations. The rest 90 employees will be transferred to various departments of the East Macedonia-Thrace Prefecture.
Sevath, is a food industry activating in vegetables’ canning and freezing, as well as in printing services.
Eurofound (2008), Sevath, Closure in Greece, factsheet number 67489, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67489.