US-based food group General Mills has unveiled productivity and cost savings plans designed to improve organisational effectiveness and focus on key growth strategies but which will entail shedding 850 jobs
Tag "restructuring"
Arla Foods has announced measures, including the shedding of 250 jobs, aimed at reducing its annual costs by DKr500 million (Eur67 million) in order to remain internationally competitive. The international
Dairy Crest is proposing to close two dairies as part of its long term plan to reduce costs and sustain profitability at its liquid milk business. Dairy Crest is entering
Coca-Cola Hellenic is to close two of its five production plants in Greece in a bid to cut costs and adjust to falling sales. The company’s sales volumes in Greece
Coca-Cola Hellenic has reported a 1% growth in net sales revenue to Eur8.85 billion for 2011 but volumes fell by 1%. Despite overall volume and net sales revenue remaining similar
Following a review of the operations of Cumbrian Seafoods and its subsidiary Border Laird, which were acquired after going into administration late last year, Young’s Seafood is to cut 555
Following a challenging 2011, Carlsberg plans to reduce the number of positions in its headquarter functions across Europe by 130 to 150, of which approximately 95 positions have already been
The newly created DMK, Germany’s largest dairy co-operative, has unveiled plans for major restructuring in order to improve cost efficiency. DMK was formed in May 2011 following the merger of
Although it increased sales by 1.7% to £218.3 million, UK chocolate manufacturer and retailer Thorntons has reported a 37.3% plunge in profit before taxation and exceptionals to £4.3 million for
Uniq, the UK chilled food group, has decided to exit its unprofitable everyday desserts business and to close its production unit at Minsterley in the first half of 2012, with
Uniq, the UK convenience food group, has continued the improvement in its financial performance by reporting an operating profit before significant items of £4.1m in 2010 compared to a loss
VION, Europe’s largest meat group, is proposing to re-structure its British sausage processing business which will result in the transfer of all operations currently undertaken at the Sheffield site to
Despite a 68% fall in operating profit to £2.3 million and a drop in sales to £218 million during 2010, leading UK fresh produce company Produce World is well placed
UK chilled convenience food processor Uniq has received clearance from the Pension Regulator for its proposed restructuring, to provide a solution to its legacy pension deficit. Under the proposed restructuring,
Nestle is to close its confectionery factory at Castleford but has opened a new £5m Kit Kat production line in York. Production from Castleford, which produces After Eight mint chocolates,
UK frozen foods manufacturer Headland Foods is reported to be considering closing its site at Flint in Wales and consolidating production at its factory at Grimsby with the possible
UK convenience food manufacturer Northern Foods has announced a new organisational structure to manage the business through two divisions – Branded and Chilled. The Branded division will comprise Goodfella’s Pizza,
A stronger second half performance has helped global alcoholic drinks giant Diageo to increase reported operating profit by 6.5% to £2.574b, aied by exchange rate movement, for the year ended
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