Delta-Odkolek

Type
Merger/Acquisition
Country
Czechia
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2006
Employment effect (start)
Foreseen end date

Description

Czech Anti-monopoly Office has approved the merger of Bakeries International Luxembourg S.A. and United Bakeries Luxembourg S.A., owners of the two Czech leading baking companies Odkolek and Delta Pekárny. Both Czech companies will co-operate mainly in restructuring and logistics with the goal to optimize production costs. Synergy effects will enable to invest more to the modernisation of lines, human capital and innovation processes. The new entity Delta-Odkolek will close 6 out of 18 Czech plants in the country and cut the current staff of 4,000 workers by at least 1,000 people.

Sources

  • 12 September 2006: Hospodárske noviny

Citation

Eurofound (2006), Delta-Odkolek, Merger/Acquisition in Czechia, factsheet number 64060, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64060.