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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.24 - Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores
109 jobs Number of planned job losses
Announcement Date
29 April 2015
Employment effect (start)
29 April 2015
Foreseen end date
31 December 2015
Description
The German bakery chain Max Lang intends to cut 109 jobs and close 18 branches. The company currently has 550 employees and runs 146 branches. 45 out of the 109 jobs will be cut at the headquarters in Freiberg. The remaining 64 jobs will be cut at various branches in Baden-Wurttemberg. The redundancies will be carried out for operational reasons. The bakery filed for insolvency in January 2015 due to rising competition on the bakery market.
Sources
29 April 2015: Stuttgarter Zeitung
30 April 2015: Stuttgarter Nachrichten Online
Citation
Eurofound (2015), Max Lang , Internal restructuring in Germany, factsheet number 83102, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83102.
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