EMCC European Monitoring Centre on Change

Axéréal

Company/Organisation:
Axéréal

Geographic Location

Country: France

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.21 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Number Employed: 3000

Employment Effects

Announcement Date: 24-11-2020
Planned Job Reductions min: 220
Planned Job Reductions max: 220
Type of Restructuring: Internal restructuring
Employment Effect Start: 18-01-2021
Foreseen End Date: 31-12-2021
Direct Dismissals: 220

Additional Information

The Axéréal cooperative group, one of the leaders in the collection and sale of cereals, brewing, general food and flour manufacturing, has announced a reorganisation with site closures in France and more than 220 job cuts. The group is continuing negotiations with the trade unions until 18 January 2021 to finalise the Employment safeguard plan. The overall impact of the Covid-19 pandemic (mainly due to the slowdown in the beer market) 'amounted to €21 million on 30 June 2020', the company estimates. 

The group employs 4,000 people worldwide, including 3,000 in France.