Lockarp

Type
Bankruptcy
Country
Sweden
Region
Södra Sverige; Sydsverige; Skåne län
Location of affected unit(s)
Helsingborg (Skåne), Växjö (Kronoberg), Sölvesborg (Blekinge), Malmö (Skåne)
Sector
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
200 jobs
Number of planned job losses
Job loss
Announcement Date
5 May 2014
Employment effect (start)
5 June 2014
Foreseen end date
6 June 2014

Description

Swedish bread manufacturer Lockarp has announced that it has filed for bankruptcy and will cut 200 jobs across Sweden. Lockarp will close its production sites in Helsingborg (Skåne), Växjö (Småland) and Sölvesborg (Blekinge) and its headquarters in Malmö (Skåne).

The source reports that the bankruptcy is due to a reduction in sales as consumers increasingly buy bread at supermarkets instead of at bakeries. The closure will be in early June. According to the source, the liquidator hopes to find a buyer for all or part of the company.

Sources

  • 5 May 2014: Sydsvenskan

Citation

Eurofound (2014), Lockarp, Bankruptcy in Sweden, factsheet number 76958, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76958.