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 10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
158 - 441 jobs Number of planned job losses
Announcement Date
23 December 2015
Employment effect (start)
Foreseen end date
Description
The industrial bakery LBG Bakeries has declared bankruptcy citing decreasing demand for bread. LBG Bakeries, with its headquarters in Diest, has several establishments throughout Belgium. Three of the establishments have been taken over, saving 243 jobs in total. The establishment in Morlanwelz (214 employees) has been taken over by the company La Lorraine (93 jobs saved), the establishment in Heusden-Zolder (191 jobs) and the establishment in Asse (111 jobs) have been taken over by the families Cretskens and Foucart (80 jobs saved in Heusden-Zolder, 70 jobs in Asse). For the establishments in Diest (91 jobs), Ardooie (58 jobs) and Lommel (19 jobs), no take-over proved possible.
Sources
18 December 2015: De Standaard
23 December 2015: De Tijd
Citation
Eurofound (2015), Le Bon Grain, Bankruptcy in Belgium, factsheet number 86067, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86067.
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