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.
Wholesale / Retail Retail trade Retail sale of food, beverages and tobacco 47.24 - Retail sale of bread, cake and confectionery
480 jobs Number of planned job losses
Announcement Date
24 January 2025
Employment effect (start)
24 January 2025
Foreseen end date
24 January 2030
Description
As announced on 24 January 2025, retail Group Rewe plans to close the Glockenbrot Bakery in Frankfurt within the next five years. The bakery, which has been part of the Rewe Group since 1986, employs 480 workers, and the company aims to find socially responsible solutions for those affected.
Rewe intends to exit the bread production business. Additionally, the Frankfurt facility has reached its capacity and space limits, and constructing a new plant with significant investments would not be worthwhile.
The second Glockenbrot production site in Bergkirchen, Bavaria, will be sold to the large bakery Harry-Brot by the end of 2025. Harry-Brot, headquartered in Schenefeld near Hamburg, has stated that it plans to retain all approximately 320 employees.
28 January 2025: Frankfurter Rundschau (www.fr.de)
Citation
Eurofound (2025), Rewe, Closure in Germany, factsheet number 202274, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202274.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
