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 fresh fruit and vegetable cooperative Agrial has announced 110 job cuts in France. It has presented a safeguard employment plan; it mainly affects its 'fresh vegetables and fruit' branch, which recorded a deficit of €18.6 million in 2021. Known through its 'Florette', 'Créaline' and 'Priméale' brands, in 2021 Agrial had to cope with a context of overproduction, which pulled demand and prices down. The outlook for 2022 is not good, because of the strong rise in inflation. The job cuts will be made in the cooperative's support functions, i.e., in commercial and management activities. No positions in production will be affected.
The company has a total workforce of 3,000 in France.
Eurofound (2022), Agrial, Internal restructuring in France, factsheet number 106979, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106979.
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