financetom
Business
financetom
/
Business
/
Nestle to divest two factories in Germany, citing rising costs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nestle to divest two factories in Germany, citing rising costs
Mar 20, 2025 8:17 AM

BERLIN (Reuters) - Nestle will divest two factories in Germany, the world's largest packaged food company said on Thursday, citing overcapacity due to rising costs and consumer price sensitivity.

The decision to close the factory in Neuss in mid-2026 and sell the one in Conow at the start of next year affects about 225 jobs, according to the company.

(Writing by Miranda Murray, Editing by Rachel More)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Biden administration urges US Supreme Court to reject Musk appeal in SEC dispute
Biden administration urges US Supreme Court to reject Musk appeal in SEC dispute
Mar 22, 2024
WASHINGTON, March 22 (Reuters) - President Joe Biden's administration on Friday urged the U.S. Supreme Court to turn away billionaire businessman Elon Musk's dispute with the Securities and Exchange Commission. Musk in December asked the justices to take up his appeal after a lower court upheld his consent decree with the SEC that arose after he posted on Twitter, now...
Chemours names Denise Dignam as permanent CEO
Chemours names Denise Dignam as permanent CEO
Mar 22, 2024
March 22 (Reuters) - Chemours ( CC ) said on Friday it had appointed chemical industry veteran Denise Dignam as CEO effective immediately, a month after she took over the role on an interim basis. The chemical maker placed its top three executives, including CEO Mark Newman, on administrative in February and said it was looking into potential material weaknesses...
Brazil airline Gol posts $27 million net loss in January
Brazil airline Gol posts $27 million net loss in January
Mar 22, 2024
SAO PAULO, March 22 (Reuters) - Brazil airline Gol on Friday reported a net loss of 135 million reais ($27 million) for the month of January, in the first financial results put out by the company after it filed for bankruptcy in the United States earlier this year. In a securities filing, Gol said the data was preliminary and not...
Coterra Energy Insider Sold Shares Worth $1,488,300, According to a Recent SEC Filing
Coterra Energy Insider Sold Shares Worth $1,488,300, According to a Recent SEC Filing
Mar 22, 2024
05:34 PM EDT, 03/22/2024 (MT Newswires) -- Todd M Roemer, Chief Accounting Officer & Vice President, on March 20, 2024, sold 55,000 shares in Coterra Energy ( CTRA ) for $1,488,300. Following the Form 4 filing with the SEC, Roemer has control over a total of 176,758 shares of the company, with 176,758 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/858470/000085847024000060/xslF345X03/wk-form4_1711142750.xml Price:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved