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 10.5 - Manufacture of dairy products
173 jobs Number of planned job losses
Announcement Date
14 July 2010
Employment effect (start)
1 January 2011
Foreseen end date
31 March 2011
Description
Dairy producer Milko has announced that it will close its plants in Karlstad and Sundsvall before the end of the first quarter of 2011. The closure will see all 173 employees leaving.
During the recent past, competition on the Swedish dairy market has increased and profit margins have been pressured down to a minimum. The reason behind the closure is t that the society cannot pay competitively sustainable prices to its farmers. As a result, costs have to be cut in order to keep the farmers from choosing rival companies.
Milko is a co-operative society owned by around 800 dairy farmers in mid-western Sweden. Production will most likely be moved to Milko's plants in Östersund, Grådö and Falköping. Milko has an annual turnover of 2.6 billion SEK (274 million EURO).
Eurofound (2010), Milko, Closure in Sweden, factsheet number 70755, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70755.
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