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.
(10 - 33) Manufacturing (10 - 11) Manufacture of food and beverage 10 - Manufacture of food products 10 - Manufacture of food products
450 - 650 jobs Number of planned job losses
Announcement Date
29 January 2004
Employment effect (start)
1 July 2002
Foreseen end date
Description
Avebe, the Netherlands-based starch-producing firm, has announced the withdrawal of its branches from over 60 countries.The decision to pull out has been caused by disappointing profits for the Dutch company.
In 2002, Avebe already announced a restructuring involving the suppression of 450 jobs worldwide.
January 2004, Avebe announces the suppression of 200 jobs worldwide. According to the company, this is due to the economical crisis and the weakness of the dollar.
Sources
29 January 2004: De Financiële Telegraaf
Citation
Eurofound (2004), Avebe B.A., Internal restructuring in World, factsheet number 59397, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59397.
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