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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Agricultural Raw Materials And Live Animals 46.21 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
220 jobs Number of planned job losses
Announcement Date
24 November 2020
Employment effect (start)
18 January 2021
Foreseen end date
31 December 2021
Description
The Axéréal cooperative group, one of the leaders in the collection and sale of cereals, brewing, general food and flour manufacturing, has announced a reorganisation with site closures in France and more than 220 job cuts. The group is continuing negotiations with the trade unions until 18 January 2021 to finalise the Employment safeguard plan. The overall impact of the Covid-19 pandemic (mainly due to the slowdown in the beer market) 'amounted to €21 million on 30 June 2020', the company estimates.
The group employs 4,000 people worldwide, including 3,000 in France.
Sources
24 November 2020: La République du Centre (www.larep.fr)
23 December 2020: Yonne Républicaine (www.lyonne.fr)
Citation
Eurofound (2020), Axéréal, Internal restructuring in France, factsheet number 102931, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102931.
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