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 10.51 - Operation of dairies and cheese making
125 jobs Number of planned job losses
Announcement Date
1 December 2014
Employment effect (start)
1 January 2015
Foreseen end date
31 December 2015
Description
The Norwegian dairy company Tine is reducing its staff in support functions with about 110 positions in 2015. In addition, 15 employees at the company’s dairy at Hafslund were dismissed as the facility was closed 1 March 2014. The downsizing of support staff will be completed by the end of 2015, as a part of a broader effort in Tine to cut costs by NOK 750 million (€75 million as at December 2014) this year. The whole organisation will be affected by the restructuring programme. At the time of the announcement, the number of direct dismissals and jobs to be cut by other measures was yet to be determined. The company's management does not rule out that similar downsizing measures may be used in other parts of the company at a later stage.
Sources
Citation
Eurofound (2014), Tine, Internal restructuring in Norway, factsheet number 79200, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79200.
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