French poultry group LDC is to cut 99 jobs at convenience food business Marie in a bid to get the recently-acquired business back in the black.
LDC said Marie is expected to have run up operating losses of EUR5.7m (US$7.6m) in 2009 and the group has drawn up a programme to “return the business to profitability”.
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Some 99 jobs at Marie, including 59 positions at its HQ in Paris wholesale market Rungis, will be cut, LDC said yesterday (22 April).
However, LDC’s plans also include an expansion of a site in Viriat that makes quiches, pies and casseroles and the creation of a dedicated frozen food arm.
The group insisted these moves, among others, will create 55 jobs.
Earlier this month, LDC said turnover climbed 5.9% to EUR2.06bn in the 12 months to the end of February. LDC will publish its full financial results on 27 May.
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