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
350 jobs Number of planned job losses
Announcement Date
17 September 2008
Employment effect (start)
1 January 2009
Foreseen end date
19 June 2009
Description
Jean Caby, manufacturer of cooked pork products and subsidary of French food group, Aoste, has announced its plan to shut down its factory in Saint-Priest-en-Jarez in the Loire department, before next summer. Some of the factory's 341 employees will be offered the possibility of redeployment to another site owned by Aoste, a subsidiary of US group Smithfield Foods, while the local authorities have promised to implement a plan to regenerate employment in the region, which is designed to help those made redundant due to the closure. Having already carried out a large-scale restructuring, Aoste said it was forced to close the Jean Caby site in response to growing competition on the cooked pork products market due to the arrival of new players in the sector, and rising production costs.
Eurofound (2008), Jean-Caby, Closure in France, factsheet number 67101, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67101.
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