Cloetta has today announced plans to cut 28 jobs at its factory in Ljungsbro. The redundancies will affect employees in production and are a response to decreasing volumes from the production collaboration with Fazer and continuous efficiency improvements following completed equipment investments.
After Cloetta’s separation from Fazer in 2008, a certain production collaboration has continued. However, Fazer has moved production of several products to its factories in Finland during 2010 and will continue this transfer at the beginning of 2011. At the same time, Cloetta has made major equipment investments in Ljungsbro that have resulted in an overall increase in productivity.
All in all, this will lead to a gradually declining need for personnel over the next three quarters. Information about the redundancies was provided at a staff meeting in Ljungsbro today.
”In the past few years we have continuously improved efficiency at the Ljungsbro factory. In combination with declining Fazer volumes in our production, we have now found it necessary to downsize our staff,” says Cloetta’s Managing Director and CEO Curt Petri. ”We deeply regret having to take measures of this type, but by adapting the workforce we can create the conditions to safeguard our competitiveness. We will now continue with the negotiations that have been started today so that we can give our employees more detailed information as quickly as possible,” says Curt Petri.
The information in this press release is subject to the disclosure requirements of Cloetta AB (publ) pursuant to the Swedish Securities Market Act. The information was submitted for publication on 1 September 2010, 2:25 p.m. CET.
For additional information contact
Curt Petri, Managing Director of Cloetta AB, mobile +46 70-593 2169 or
Christina Björck, Human Resources and Communications Director, mobile, +46 70-544 88 78.