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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
1,550 jobs Number of planned job losses
Announcement Date
4 April 2005
Employment effect (start)
Foreseen end date
Description
A bakery group with 1,550 employees went into administration yesterday after failing to overcome tough trading conditions and a fire at one of its factories. Rathbones Bakeries, which had sales of £100 million in 2004 and supplies Tesco and Morrisons, suffered the blaze at Carlisle in February 2005. Rathbones, which also features Harvestime and Fresha Bakeries, employs 444 staff at its Walsall head office, with another 409 at Leicester and the remainder at Peterborough, Carlisle, Wigan, Wakefield and Middlesbrough. As well as difficult trading conditions, Rathbones' Carlisle site was gutted in a fire that cost it millions of pounds. About 185 people worked at the factory.
In May 2005, Morrisons decided to take on part of the bakery operation saving up to 400 jobs.
Sources
4 May 2005: The Guardian
5 April 2005: The Guardian
Citation
Eurofound (2005), Rathbones Bakeries, Closure in United Kingdom, factsheet number 61367, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61367.
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