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 (10 - 11) Manufacture of food and beverage 10.7 - Manufacture of bakery and farinaceous products 10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
800 jobs Number of planned job losses
Announcement Date
5 April 2012
Employment effect (start)
Foreseen end date
Description
Major Bavarian plant bakery Müller-Brot filed for insolvency in January when irregularities were detected. Negotiations to sell the bakery to new owners are still ongoing. The insolvency put a total of 1,250 jobs at risk. In early April about 450 jobs were saved when the daughter company of the former owner acquired the Müller store chain. The bakery plants are still for sale.
Sources
5 April 2012: Financial Times Deutschland
Citation
Eurofound (2012), Müller-Brot, Bankruptcy in Germany, factsheet number 73473, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73473.
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