Restructuring events
European Restructuring Monitor (ERM)
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.
The Maïsadour - MVVH group, owner of the Delpeyrat brand and operating in the agroindustrial sector, has announced 136 job cuts in France.
While 77 job cuts will consist of retirements not replaced or of the end of contracts that are not renewed, additional 59 workers will be dismissed, as part of an employment safeguard plan. Of these 59 redundancies in France, 29 concern positions in the Landes region, including 21 at Delpeyrat's head office in Saint-Pierre-du-Mont. This internal restructuring follows the one of January 2020, when 86 employees had already been affected at Delpeyrat in the Landes by the closure of the duck slaughterhouse in Saint-Sever. Most of them had been reclassified.
According to Maïsadour - MVVH, the company's fat industry is now in overcapacity. More in detail, the sales of foie gras and fattened duck have collapsed, and production is now too high. The sector, already greatly weakened by the bird flu crises of recent years, must now face the drop-in consumption linked to the COVID-19 crisis. Maïsadour - MVVH says it is seeing 'its economic performance deteriorate sharply' and believes it must 'adapt its organisation and industrial structure'.
Maïsadour - MVVH group has been founded in 1936 and is specialised in the production of gastronomic products from the South West of France: duck and goose foie gras, preserve, duck breasts, ready-made meals, Bayonne ham and cured meats. It operates nationwide in France, and with its headquarters in the Aquitaine region.
Eurofound (2020), Maïsadour, Internal restructuring in France, factsheet number 101432, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101432.
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