Podravka

Type
Internal restructuring
Country
Croatia
Region
Hrvatska; Sjeverna Hrvatska; Koprivničko-križevačka županija
Location of affected unit(s)
Koprivnica
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.3 - Processing and preserving of fruit and vegetables
10.32 - Manufacture of fruit and vegetable juice
150 - 276 jobs
Number of planned job losses
Job loss
Announcement Date
4 October 2013
Employment effect (start)
7 October 2013
Foreseen end date
31 December 2013

Description

Croatian food company Podravka is to cut around 150 jobs with severance packages of HRK 4,000 (cca. EUR 530) for every year of service which will cost the company around HRK 15 million (cca. EUR 2 million).

According to the sources the unions have approved the restructuring plan.

Earlier in 2013 the company had announced a job reduction measure plan envisaging 276 job cuts.

Sources

  • 5 October 2013: Dalje
  • 4 October 2013: Podravka (press release)

Citation

Eurofound (2013), Podravka, Internal restructuring in Croatia, factsheet number 75970, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75970.