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 10.11 - Processing and preserving of meat
630 jobs Number of planned job losses
Announcement Date
15 June 2012
Employment effect (start)
Foreseen end date
Description
On 15 June 2012, Vion Food Group announced it will cut 630 jobs, about half in the Netherlands and the other half in Germany. The restructuring will take place by combining different slaughtering facilities. A timeline for the restructuring is not yet known.
Background are adverse market circumstances, resulting in substantially lower profits (a fall from € 80 million in 2010 to € 14 million in 2011).
Vion is one of the largest meat producers in Europe, employing some 26,000 employees.
Sources
16 June 2012: Het Financieele Dagblad
16 June 2012: De Volkskrant
Citation
Eurofound (2012), Vion, Internal restructuring in European Union, factsheet number 73857, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73857.
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