Brief: Saputo Announces Consolidation Initiatives Aimed At Enhancing Its Operational Efficiency In Australia

Saputo

08/11/2022 23:29

Nov 8 (Reuters) - Saputo Inc  SAP.TO :
    * SAPUTO ANNOUNCES CONSOLIDATION INITIATIVES AIMED AT
ENHANCING
ITS OPERATIONAL EFFICIENCY IN AUSTRALIA
    * SAPUTO INC - INTENTION TO PERMANENTLY CLOSE ITS MAFFRA,
VICTORIA, FACILITY
    * SAPUTO INC - WILL STREAMLINE ACTIVITIES AT ITS FACILITIES
LOCATED IN LEONGATHA, VICTORIA, AND MIL-LEL, SOUTH AUSTRALIA
    * SAPUTO INC - APPROXIMATELY 75 EMPLOYEES WILL BE IMPACTED
    * SAPUTO INC - COSTS IN Q3 2023 RELATED WITH CONSOLIDATION
INITIATIVES WILL BE APPROXIMATELY CDN$26 MILLION AFTER TAX

Source text for Eikon:  ID:nGNXc43xX7 
Further company coverage:  SAP.TO 
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