Nestlé Rowntree has conducted a review of its UK confectionery business with the aim of rejuvenating profits, which have been hit by spiralling costs and a lukewarm response to recent product releases.
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According to a report that appeared today (1 March) in The Guardian, Nestlé has warned that its UK operations could be facing job cuts.
Nestlé chairman and chief executive Peter Brabeck-Letmathe was critical of the strategy presided over by Rowntree’s former MD Chris White. Brabeck-Letmathe said that although sales were stable, profits have been adversely affected by the unsuccessful launch of new products. The company said that there would not be factory closures but job losses look likely, The Guardian reported.
Heleana Greeves, Nestlé UK spokesperson, confirmed today that a review of UK operations has been completed. “We have been carrying out a review of our UK confectionery business and the utilisation of its assets. The results of this review will be announced very shortly,” she told just-food.
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