Vion

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Druten, Boxtel (Netherlands), Germany
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.1 - Processing and preserving of meat and production of meat products
10.11 - Processing and preserving of meat, except of poultry meat
630 jobs
Number of planned job losses
Job loss
Announcement Date
15 June 2012
Employment effect (start)
Foreseen end date

Description

On 15 June 2012, Vion Food Group announced it will cut 630 jobs, about half in the Netherlands and the other half in Germany. The restructuring will take place by combining different slaughtering facilities. A timeline for the restructuring is not yet known.

Background are adverse market circumstances, resulting in substantially lower profits (a fall from € 80 million in 2010 to € 14 million in 2011).

Vion is one of the largest meat producers in Europe, employing some 26,000 employees.

Sources

  • 16 June 2012: Het Financieele Dagblad
  • 16 June 2012: De Volkskrant

Citation

Eurofound (2012), Vion, Internal restructuring in European Union, factsheet number 73857, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73857.