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 10.1 - Processing and preserving of meat and production of meat products
144 jobs Number of planned job losses
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 Osnabrücker 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.
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