Dutch poultry processor Storteboom has reportedly filed for insolvency due to the impact of the recent outbreak of avian influenza in the country.

The company, based in the north of the country, is searching for an investor to enable it to resume operations. Two of Storteboom’s processing facilities in the Gelderse Vallei, western Netherlands, have been closed and 350 part-time employees have been laid off. The company’s 750 full-time employees have been placed on temporary leave.

Storteboom, which has a 20% share of the Dutch poultry market, was experiencing financial difficulties before the outbreak due to intense competition from poultry producers in Thailand and Brazil, reported the Dutch News Digest.