Swiss chocolate maker Barry Callebaut plans to cut around 100 jobs at its production facility in Dijon, France.
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The company said that the loss of two significant orders and a general slowdown in chocolate consumption in Europe were expected to hit volumes at the plant by this March.
In 2007 and 2008 the chocolate market had “stagnated” and demand could drop further this year, the company said at a meeting with employees earlier this week.
Last week, the Swiss company posted a 4.1% year-on-year drop in European sales volume in the three months to 30 November. Total sales revenue for the period rose to CHF1.43bn, up from CHF1.42bn recorded a year earlier.
In order to mitigate the affects of the slowdown in Europe, Barry Callebaut is increasingly turning to emerging markets, where chocolate consumption is still increasing.
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By GlobalData
