Type
Merger/Acquisition
Country
Germany
Region
Niedersachsen;
Location of affected unit(s)
Versmold, Osnabr├╝ck
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.11 - Processing and preserving of meat

260 jobs
Number of planned job losses
Job loss
Announcement Date
16 December 2019
Employment effect (start)
Foreseen end date
31 December 2022

Description

Two German meat-processing companies, Reinert and Kemper, have gained permission to merge and will establish a new company 'The Family Butchers'. After the merge, the company will employ 2,340 workers, 260 workers less than the earlier workforce of the companies. The new company plans to cut 10% of the previous positions in both companies - or 260 jobs - by 2022, to invest in new technologies and to expand to US markets. According to the management, it is likely to announce some direct dismissals. There is no official redundancy plan yet.


Sources

Citation

Eurofound (2019), The Family Butchers, Merger/Acquisition in Germany, factsheet number 99385, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99385.