Type
Merger/Acquisition
Country
France
Region
Ouest; Bretagne;
Location of affected unit(s)
Josselin
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.11 - Processing and preserving of meat

289 - 303 jobs
Number of planned job losses
Job loss
Announcement Date
29 September 2014
Employment effect (start)
20 October 2014
Foreseen end date
31 December 2014

Description

The retailer group Intermarché, through its subsidiary SVA Jean Rozé is to take over part of the pig slaughterhouses GAD, which was placed in liquidation in September. GAD employs 820 employees at three sites, the slaughterhouse in Josselin (Morbihan) that is to be taken over by SVA Jean Rosé and two smaller units at Lampaul-Guimiliau.

The new owner will keep 507 of the 755 employees of the slaughterhouse. About 229 employees will lose their job. In 2013, GAD has launched a restructuring plan with the closure of its second slaughterhouse at Lampaul-Guimiliau and its sausage factory in Saint-Nazaire (Loire-Atlantique), which resulted to 956 job cuts (see ERM Factsheet). 


Sources

  • 29 September 2014: Les Echos
  • 29 September 2014: Le Monde

Citation

Eurofound (2014), Gad, Merger/Acquisition in France, factsheet number 77622, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77622.