Swiss food group Nestle said on Friday it planned to cut as many as 400 jobs in France in support services and HQ functions, as it sees to cut cost and boost efficiency, confirming a media report.
The group, which employs 13,000 people in France, wanted to avoid layoffs and attrition may account for some reduction in headcount as Nestle consolidates seven sites around Paris into one by 2020, a spokesman said.
Earlier this week, Europe’s largest retailer Carrefour unveiled a voluntary redundancy plan for 2,400 employees at its French head office as part of plans to save 2 billion euros by 2020.
Nestle, the world’s largest packaged food firm, already announced in September plans to cut 450 out of 550 jobs at its Galderma skincare research center near Nice on the French Riviera.
Nestle has come under pressure to shift gear from activist shareholder Third Point, which in June revealed a $3.5 billion stake. Nestle has satisfied some demands, such as buying back shares and setting a margin target.
By Dominique Vidalon
Source: Reuters
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
