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.
Dutch food cooperative Royal Cosun will close its sugar producing plant in Puttershoek, south-western Netherlands, the company said on 22 December 2004. 135 employees will be dismissed as a result of the cancellation of the sugar production activities. The company's plants in Groningen, northern Netherlands, and Dinteloord, south-western Netherlands, will take over Puttershoek's sugar production as of 2005. According to Cosun, the move is attributed to the decreased yield of sugar beet and the changed sugar producing policy, introduced recently by the European Union (EU). The new EU regulations envisage lower beet prices and reduction of the production quota for sugar producers, represented by Cosun and CSM in the Netherlands.
Eurofound (2004), Cosun, Closure in Netherlands, factsheet number 60972, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60972.