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 10.11 - Processing and preserving of meat
260 jobs Number of planned job losses
Announcement Date
16 December 2019
Employment effect (start)
Foreseen end date
31 December 2022
Description
Two German meat-processing companies, Reinert and Kemper, have gained permission to merge and will establish a new company 'The Family Butchers'. After the merge, the company will employ 2,340 workers, 260 workers less than the earlier workforce of the companies. The new company plans to cut 10% of the previous positions in both companies - or 260 jobs - by 2022, to invest in new technologies and to expand to US markets. According to the management, it is likely to announce some direct dismissals. There is no official redundancy plan yet.
Eurofound (2019), The Family Butchers, Merger/Acquisition in Germany, factsheet number 99385, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99385.
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