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 - Manufacture of food products
147 jobs Number of planned job losses
Announcement Date
23 July 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 December 2009
Description
French cold meals firm Madrange has announced a restructuring plan involving the loss of 147 jobs at its sites in Limoges and Feytiat, both in central-western France.
Requested by the central work council' of Madrange, the public accounting has presented its report. The group had suffered from the acquisition of a site in 2001. In addition, the group has not invested enough in research and development to design new products, resulting in a decline in sales.
In March the company, which was looking for a buyer, announced it would remain family-owned.
Eurofound (2009), Madrange, Internal restructuring in France, factsheet number 69351, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69351.
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