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
400 - 450 jobs Number of planned job losses
Announcement Date
19 May 2006
Employment effect (start)
Foreseen end date
31 December 2008
Description
On 19 May 2006, a spokesperson of Kraft Foods, an American producer of food and beverages, stated their aim to cut up to 450 jobs at German production locations. 150 to 200 jobs shall be reduced at the production location in Lörrach and another 250 jobs shall be cut at the production location in Fallingbostel. The reduction of jobs is part of the internal restructuring programme that was already announced in January 2006 by the American headquarter. It was declared then that 8000 jobs all over the world would be cut until the end of 2008.
Sources
20 May 2006: Frankfurter Allgemeine Zeitung
22 May 2006: Financial Times Deutschland
Citation
Eurofound (2006), Kraft, Internal restructuring in Germany, factsheet number 63557, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63557.
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