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 10.32 - Manufacture of fruit and vegetable juice
150 - 276 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75970.
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