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.
On 10 April 2011 the pet food manufacturer Continentale Nutrition announced that it will cut its workforce by 121 until 2012. Around 99 employees will be made redundant with the closure of the plant in Vedène (Bouches-du-Rhône) and 22 jobs will be cut at its headquarters in Boulogne-sur-Mer (Pas-de-Calais).
The plant received high levels of investment in the 1990s in order to support the growth of the company in southern Europe and its "wet pet food" market. However, it is said that this segment is now losing ground to the segment of dry pet food.
Eurofound (2011), Continentale Nutrition, Internal restructuring in France, factsheet number 72552, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72552.