Type
Merger/Acquisition
Country
Germany
Region
Location of affected unit(s)
Versmold
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.1 - Processing and preserving of meat and production of meat products

144 jobs
Number of planned job losses
Job loss
Announcement Date
26 February 2015
Employment effect (start)
26 February 2015
Foreseen end date

Description

Noelke, German manufacturer of meat products, is to cut 144 out of 350 jobs. Moreover, 56 marginally employed staff will be given notice. The company is going to be acquired by the Zur-Muehlen Group.

To reduce staff, the company will close the production plant of Menzefricke and the site in Wusterhausen and intends to focus on the main plant in Versmold in the next years where some jobs in the administrational departmend will also be affected by the job reduction measures. According to the management, the job reduction is the only way for the company to remain competitive.


Sources

  • 26 February 2015: Neue Osnabr├╝cker Zeitung Online
  • 26 February 2015: Haller Kreisblatt Online

Citation

Eurofound (2015), Noelke, Merger/Acquisition in Germany, factsheet number 78746, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78746.