CSM

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products
500 jobs
Number of planned job losses
Job loss
Announcement Date
27 October 2011
Employment effect (start)
1 October 2011
Foreseen end date
1 November 2013

Description

On 27 October 2011, supplier of bakery products and food preservation CSM announced that it will cut 500 jobs worldwide in the next two years. CSM currently employs 7900 people. The job cuts are attributed to the fear of a continued recession and the need to cut costs. As of october 2011, there is no information on the affected sites.

Sources

  • 27 October 2011: De Telegraaf
  • 28 October 2011: Het Financieele Dagblad
  • 28 October 2011: De Volkskrant

Citation

Eurofound (2011), CSM, Internal restructuring in World, factsheet number 72648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72648.