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.
Helsingborg (Skåne), Växjö (Kronoberg), Sölvesborg (Blekinge) and Malmö (Skåne)
Sector
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
200 jobs Number of planned job losses
Announcement Date
5 May 2014
Employment effect (start)
5 June 2014
Foreseen end date
6 June 2014
Description
Swedish bread manufacturer Lockarp has announced that it has filed for bankruptcy and will cut 200 jobs across Sweden. Lockarp will close its production sites in Helsingborg (Skåne), Växjö (Småland) and Sölvesborg (Blekinge) and its headquarters in Malmö (Skåne).
The source reports that the bankruptcy is due to a reduction in sales as consumers increasingly buy bread at supermarkets instead of at bakeries. The closure will be in early June. According to the source, the liquidator hopes to find a buyer for all or part of the company.
Sources
5 May 2014: Sydsvenskan
Citation
Eurofound (2014), Lockarp, Bankruptcy in Sweden, factsheet number 76958, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76958.
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