Type
Merger/Acquisition
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.81 - Manufacture of sugar

300 jobs
Number of planned job losses
Job loss
Announcement Date
17 February 2010
Employment effect (start)
Foreseen end date

Description

Nordzucker, Europe's second largest manufacturers of sugar, announced a restructuring and saving programme including 300 job cuts. According to management, this is due to the acquisition of the Danish Danisco Company in 2009 and the current competitive situation on the European sugar market. The restructuring plan aims at saving €67 million until 2014/15. As of February 2010, no information on the countries concerned is available.


Sources

  • 17 February 2010: Financial Times Deutschland

Citation

Eurofound (2010), Nordzucker, Merger/Acquisition in European Union, factsheet number 70183, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70183.