Le Bon Grain

Type
Bankruptcy
Country
Belgium
Region
Location of affected unit(s)
Diest, Morlanwelz, Heusden-Zolder, Asse, Ardooie, Lommel
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
158 - 441 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/86067.