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.
Cranswick Convenience Foods, a firm that operates in the food production sector, has announced that 70 jobs are to be cut at a site that the firm operates in Deeside in North Wales. 400 are employed at the site at the Deeside Industrial Park, at which cooked meats are produced and preserved and which trades under the name of Brookfield Foods. The job cuts are due to be implemented by August 2008. Bernard Hoggarth, the Chief Executive of Cranswick Convenience Foods, attributed the job losses to the rising global cereals and protein costs, and also to the recent loss of a major customer by the firm. Mr. Hoggarth stated that:
'[the job losses will be] extremely harrowing from the perspective of the 70 individuals involved... It's always difficult when families and livelihoods are involved but we have to try and put a positive slant on it and we have had 25 years of unbridled growth in the business'
Mr. Hoggarth also stated that the firm was currently in consultation with workers over the job losses. Cranswick Convenience Foods employs approximately 5,500 at locations across the UK. It is also possible that job losses will be implemented at a location the firm operates in Yorkshire. However, as of June 2008, there is no specific information on these job losses.
Eurofound (2008), Brookfield Foods, Internal restructuring in United Kingdom, factsheet number 66715, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66715.
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