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.
Agriculture Agriculture, Forestry And Fishing Crop And Animal Production, Hunting And Related Service Activities 01 - Crop And Animal Production, Hunting And Related Service Activities
No information on job gains number available
Announcement Date
3 January 2018
Employment effect (start)
1 January 2018
Foreseen end date
1 September 2018
Description
Viking Genetics is a breeding company whose headquarter is located in Denmark but it is owned by 20,000 Danish, Swedish and Finnish farmers. More specifically, the company use high-tech methods to develop effective breeding programs. It also genomically test bulls to select the most convenient for the breeding programs. Due to the current overcapacity, VikingGenetics decided to redesign its organizational architecture and to redefine the role of local units, giving them a more specialized tasks.More specifically, facilities in Bovlund (Denmark) and Hollola (Finland) will be phased out and their activities will be relocated at Assentoft (Denmark). The restructuring is estimated to be completed in September 2018.
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