Barry Callebaut preparing to cut one in five jobs, CEO tells paper
FILE PHOTO: Empoyees of chocolate and cocoa product maker Barry Callebaut prepare chocolates after the company’s annual news conference in Zurich, Switzerland November 7, 2018. REUTERS/Arnd Wiegmann/File Photo
BERLIN (Reuters) – Swiss chocolate maker Barry Callebaut is preparing to cut around 2,500 jobs, or 19% of its workforce, CEO Peter Feld said in an interview with Handelsblatt published on Monday.
“It’s about reducing complexity and eliminating duplication and inefficient structures,” Feld was quoted as saying.
The job cuts are to be implemented within the coming 18 months, according to the report.
(Writing by Rachel More; Editing by Miranda Murray)