Brief: Cloetta To Close Production In Helsingborg, 25 Jobs Affected

Cloetta AB

19/08/2020 07:49

Aug 19 (Reuters) - Cloetta AB  CLOEb.ST :
    * CLOETTA OUTSOURCES THE MANUFACTURING OF NUTS TO IMPROVE
ITS
COMPETITIVENESS
    * INITIATIVE IS EXPECTED TO GENERATE SAVINGS OF UP TO SEK
10M ON
AN ANNUAL BASIS
    * INITIATIVE IS EXPECTED  INCUR A TOTAL OF APPROXIMATELY SEK
15M
IN ONE-OFF RESTRUCTURING COSTS.
    * FACTORY IN HELSINGBORG IS CLOETTA'S SOLE PROCESSOR OF
NUTS, WITH
BRANDS SUCH AS NUTISAL AND PARROTS.
    * TO CLOSE PRODUCTION IN HELSINGBORG AND TO OUTSOURCE
MANUFACTURING TO A THIRD-PARTY
    * FACTORY IN HELSINGBORG IS PLANNED TO BE CLOSED IN EARLY
2021 AND
HANDED BACK TO OWNER.
    * 25 JOBS WILL BE AFFECTED,
    * NUTS SEGMENT ACCOUNTED FOR 4% OF TOTAL SALES IN 2019.

Source text for Eikon:  ID:nWkr1b072d 
Further company coverage:  CLOEb.ST 

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