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
109 jobs Number of planned job losses
Announcement Date
11 July 2018
Employment effect (start)
9 July 2018
Foreseen end date
9 July 2018
Description
Crantock Bakery, based in the small Cornish village of Indian Queens, has entered administration and has announced 109 job losses. The job losses have been made with immediate effect. It is understood that several attempts had been made over recent years to sell the business, but no suitable buyer could be identified. Ten members of staff are being kept on to assist with the wind down of the business and the sale of stock. The business had operated for nearly 30 years and produced a range of baked goods including pasties and sausage rolls.
Sources
Citation
Eurofound (2018), Crantock Bakery, Bankruptcy in United Kingdom, factsheet number 94677, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94677.
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