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.
Scotland; Highlands and Islands; Inverness and Nairn and Moray
Location of affected unit(s)
Fochabers
Sector
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
80 jobs Number of planned job losses
Announcement Date
16 May 2016
Employment effect (start)
Foreseen end date
31 May 2018
Description
Baxters food company has announced that it is to cut up to 80 jobs from its workforce in Fochabers in North East Scotland. The company, which employs around 700 people, and is well known for its soups and preserves, said that it was embarking on a two year period of restructuring, which will affect up to 80 workers. The company has said that job losses are a result of tough trading conditions. Subsequent reports indicate that the first waves of redundancies will result in 16 workers being made redundant with further waves expected over the two year period. There has been no announcement as to when the first wave of the redundancies will take effect.
Sources
16 May 2016: BBC Website
1 June 2016: The Press and Journal
Citation
Eurofound (2016), Baxters, Internal restructuring in United Kingdom, factsheet number 87792, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87792.
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