Dutch poultry processor Storteboom has been declared bankrupt, as its poor financial state was aggravated by the recent outbreak of bird flu in the Netherlands.
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The company’s around 1000 workers are to be laid off by the end of June 2003, although a number of them may be re-employed if the company resumes operating.
Storteboom is the largest poultry processing company in the Netherlands, with a market share of 20%, reported the Dutch News Digest.
The company posted losses in 2001 and 2002 as it failed to compete with cheap poultry imports from Brazil and Thailand.
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