Restructuring events
European Restructuring Monitor (ERM)
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.
On 23 February 2017, dairy product manufacturer Hochwald Foods announced to close its site in Polling resulting in 230 job cuts. The company wants to focus more on other production sites in Germany and the Netherlands. The closure will be implemented by 31 March 2018.
Negotiations regarding a social plan with the Trade Union of Food, Baverages, Tobacco, Hotel and Catering and Allied Workers will start shortly. Furthermore, management confirmed that the company is currently in contact with investors concerning a possible takeover of the site.
Hochwald Foods is a subsidiary of Hochwald Milch. Hochwald Milch employs about 2,000 members of staff.
Eurofound (2017), Hochwald Foods, Closure in Germany, factsheet number 90486, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90486.