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 10.7 - Manufacture of bakery and farinaceous products
40 - 60 jobs Number of planned job losses
Announcement Date
4 September 2014
Employment effect (start)
1 October 2014
Foreseen end date
1 January 2015
Description
Food and beverage producer Toro is restructuring its factory in Arna in Bergen, reducing the staff by 40-60 employees. Most of the workers are unionised, and the union is now working to limit the number of dismissals. The types of job reduction measures are still to be determined. The factory employs a high number of unskilled workers in all age groups, and the union has expressed concerns that many could face difficulties in finding new employment. The restructuring is undertaken to cut costs and improve competitiveness. The company's CEO was cited stating that the factory is running a profit and selling more sauces and soups than in a long time, but needs to cut costs to secure its future competitiveness.
Sources
Citation
Eurofound (2014), Toro Arna, Internal restructuring in Norway, factsheet number 77591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77591.
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