Type
Internal restructuring
Country
United Kingdom
Region
Wales; East Wales; Flintshire and Wrexham
Location of affected unit(s)
Deeside
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Food, Beverages And Tobacco In Specialised Stores
47.2 - Retail sale of food, beverages and tobacco in specialised stores

400 jobs
Number of planned job losses
Job loss
Announcement Date
14 March 2005
Employment effect (start)
Foreseen end date
14 June 2005

Description

Supermarket chain Iceland Frozen Foods is cutting a third of its workforce at its headquarters in Deeside, Flintshire. The firm wants to cut 400 of the 1,200 jobs by the middle of June. It comes a month after the company was taken over by a consortium led by the Icelandic group Baugur. Chief executive Malcolm Walker said Iceland faced ‘immense challenges’ and that ‘painful changes’ were needed. The company, which employs 20,000 people across the UK, has begun consultations with staff.


Sources

  • 14 March 2005: BBC News

Citation

Eurofound (2005), Iceland Frozen Foods, Internal restructuring in United Kingdom, factsheet number 61276, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61276.