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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.22 - Manufacture of lifting and handling equipment
125 jobs Number of planned job losses
Announcement Date
24 May 2012
Employment effect (start)
2 June 2012
Foreseen end date
30 June 2012
Description
The commercial court agreed to the take-over of Caddie, a manufacturer of supermarket trolleys, by the Altia Group. This will lead to 125 job cuts.
Caddie was placed in receivership, while losing 1 million Euros every month. The new management wants to keep the production units in France and Shangaï (China), but will sell a plant in Portugal (150 employees).
With 33 production units around the world, the Altia Group has a turn over about 430 million euro in 2011.
Eurofound (2012), Caddie, Merger/Acquisition in France, factsheet number 73641, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73641.
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