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.
The Bel group has announced a reorganisation that will lead to cut 160 positions and to create 116 jobs, reducing the net job losses to 44. Bel products are prepared at 32 production sites and distributed in over 130 countries. It reached a turnover of €3.3 billion in 2017. The group explains that it 'faces important challenges to safeguard its competitiveness, particularly in France'. The reorganisation should make it possible to adapt and simplify its operating methods, particularly at the level of the teams at its headquarter. The aim is to make the company more responsive to the consumption changes of the 'Millennial' generation and the challenges of packaging transformation. An information and consultation process of the employee' representatives must be completed in December 2018. The new organization will lead to a decrease in the number of employees in France, mainly from Fromageries Bel in Suresnes (Hauts-de-Seine) with a voluntary departure plan, accompanied by a redeployment plan, which could lead to the 160 job cuts and the creation of 116 positions out of the 3,800 people employed in France. Industrial activities would not be impacted.
The Bel Group is a world leader in branded cheese and a major player in the healthy snacks segment. Bel employs 12,700 people (including 3,800 in France) in some 30 subsidiaries around the world.
Eurofound (2018), Bel, Internal restructuring in France, factsheet number 95555, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95555.
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