Chilean sugar producer Iansa, a unit of Spanish food group Ebro Puleva, has said it has begun a restructuring programme that includes reducing its workforce by 15%.
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Iansa said the restructuring efforts are part of a plan to increase productivity and competitiveness. The company has targeted sugar production of 100 tonnes per year by 2014 compared to the current level of 76 tonnes.
Iansa also produces tomato paste, fruit juices and frozen foods. As part of the restructuring, the company also plans to sell off assets it does not consider part of its core business, reported Reuters.
