At the end of this year, Vion will discontinue the activities of the meat products company Nocker, a German subsidiary. Nocker hasn't been running well for a while.
Philippe Thomas, COO Vion Retail, reports in the German media that the high price pressures in recent times have made it difficult for Nocker to operate profitably. The reason for the closure is the lack of future prospects for the company, partly due to problems with sales partners. According to Thomas, the management of Vion considers the chance of improvement very small.
Nocker was sold by Vion to Lutz Fleischwaren in 2014. When that company went bankrupt in 2017, Vion bought back the meat company. The purchase was part of the growth strategy in the German market at the time. Nocker's activities account for an annual turnover of around €30 million, with approximately 80 employees who are likely to lose their jobs.
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