PARIS – Matines, the egg enterprise of French agri-food group Avril supplying 16% of eggs bought in French supermarkets, is winding down its loss-making actions after failing to discover a purchaser, doubtlessly leading to 114 job cuts, it stated on Thursday.
A surge in grain costs – the principle value for feeding laying hens – robust competitors and problem in passing on rising prices to shoppers have been among the many predominant causes for the corporate’s recurrent losses over the previous years, a Matines spokesperson stated.
Avril, a gaggle created by oilseed farmers to develop their market, stated final 12 months it needed to promote its animal processing items to deal with its plant-based companies, which additionally embrace biodiesel, edible oil model Lesieur and animal diet.
It bought its majority stakes in two pork corporations to meat group Bigard in January however couldn't discover a purchaser for Matines in a position to make sure sustainable actions and jobs, it stated.
Matines workers and unions have been informed in regards to the resolution on Thursday. The total stoppage of the corporate might occur in September, both by a sale or the closure of its items.
The corporate used to promote about 900 million eggs per 12 months out of the 5.5 billion bought in French supermarkets, the spokesperson stated.
Matines has already acquired a dedication to take over its packaging heart by way of its animal diet department Sanders, it stated.
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