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 10.72 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
650 jobs Number of planned job losses
Announcement Date
23 January 2019
Employment effect (start)
Foreseen end date
Description
Kensey Foods, a manufacturer of cakes and pies, has announced plans to close its site in Launceston. The business, which is owned by Samworth Brothers, is one of the largest employers in Cornwall with 650 employees. According to a spokesperson, the site has been loss making for the previous six years, and it is at the stage where it is in need of significant investment in order to become profitable. A consultation with unions is due to begin and there may be a possibility to redeploy around 100 staff to the group's bakery in Callington which manufactures pasties for Ginsters'.
Eurofound (2019), Kensey Foods, Closure in United Kingdom, factsheet number 96675, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96675.
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