Spain-based confectioner Chupa Chups has laid off 80 temporary workers at its factory in Asturias, in the northwest of the country, and 20 temporary workers at its factory in Barcelona.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The 100 layoffs were due to a downward production trend planned for 2003. The plants in Asturias and Barcelona have been operating at 60% of their capacity since the beginning of 2003, compared to 100% in 2002.

The company added that the job cuts were in line with its strategy, reported the Spanish News Digest.

Chupa Chups posted a net loss of €18m (US$19.4m) for 2002 and a 20% fall in yearly turnover.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now