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
250 jobs Number of planned job losses
Announcement Date
23 August 2017
Employment effect (start)
Foreseen end date
Description
Finsbury Foods has announced plans to close its two Grain D'Or bakeries in London; the decision will result in the loss of 250 jobs. The business, which manufactures pastries and croissants among other products, was founded in 1980, had failed to make profit in 2017 despite a range of changes to working practices. As a result the company has opened a consultation process on the proposed closure of the business. There is no information available about when the business is expected to close, as the likely timescale will be part of the consultation process.
Sources
23 August 2017: Wales Online
23 August 2017: The Telegraph
Citation
Eurofound (2017), Finsbury Food, Closure in United Kingdom, factsheet number 91908, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91908.
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