date:Mar 18, 2019
Greenyard has announced its Transformation Plan. This is in response to ongoing market pressure and their massive burden of debt. The Transformation Plan consists of three parts: selling factories, scrapping 422 jobs, and getting rid of their vegetable preservation department.
Attracting extra capital
With this plan, Greenyard wants to reduce its debt ratio. At the moment it is five to six times their gross profit (EBITDA). They want to cut this number to three. In this way, Greenyard intends t