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 - Manufacture of food products
200 jobs Number of planned job losses
Announcement Date
29 March 2006
Employment effect (start)
Foreseen end date
Description
Two hundred people are to lose their jobs with the closure of Global Cake Company, a frozen desserts factory in Bridlington. It is to close at midnight on Friday after failing to find a buyer. The business was put on the market last month amid tough trading conditions. In the absence of a takeover, the company said it would now sell the site and has pledged to help redundant workers seek alternative jobs. The Global Cake Company is owned by US food giant Schwan, which bought the former Sara Lee cakes plant from Hibernia Foods in March 2004.
Sources
29 March 2006: BBC Website
Citation
Eurofound (2006), Global Cake Company, Closure in United Kingdom, factsheet number 63264, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63264.
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