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 (10 - 11) Manufacture of food and beverage 10.8 - Manufacture of other food products 10.86 - Manufacture of homogenised food preparations and dietetic food
300 jobs Number of planned job creations
Announcement Date
1 October 2025
Employment effect (start)
1 January 2026
Foreseen end date
30 June 2026
Description
The Glaros Group, an industrial subsidiary of the Sklavenitis family business, has announced the establishment of a new company, Avra MAE, alongside plans to construct the largest ready-meal production facility in Europe. The project represents an investment of €100 million and is scheduled for completion in June 2026. It is expected to create 300 new jobs across a range of specialities by 2026.
The Group already comprises three business entities: Glaros ABEE (paper industry), Meat House MAE, and Baker Master ABEE.
The new plant, to be built in Magoula, Attica, is designed for a capacity of 250,000 meal portions per day, serving both the Greek market and exports.
Eurofound (2025), Glaros Group, Business expansion in Greece, factsheet number 203434, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203434.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
