Nestle to cut about 380 jobs at four locations in Germany

ZURICH (Reuters) - Swiss food giant Nestle <NESN.S> is cutting around 380 jobs in Germany by closing two locations and reducing the workforce at two others as it reacts to lower demand and shifts some production elsewhere, the company said on Monday.

Nestle, which employs more than 330,000 people worldwide, had already said in June that it would close its factory in Ludwigsburg, near Stuttgart, where it employs around 100 staff to make the coffee-substitute drink Caro and roasted cereals. 

RELATED: Check out the top companies to work for in 2018, according to LinkedIn: 

50 PHOTOS
LinkedIn top 50 companies 2018
See Gallery
LinkedIn top 50 companies 2018
#50: Abbott
#49: Tableau Software 
#48: JLL
#47: PepsiCo
#46: Starbucks
#45: Johnson & Johnson 
#44: Box
#43: Twitter
#42: Capital One
#41: ADP
#40: Square Inc. 
#39: National Football League
#38: Kering 
#37: Citadel 
#36: WeWork
#35: Nike 
#34: Accenture
#33: National Basketball Association 
#32: DropBox 
#31: Cisco 
#30: Stryker
#29: Ernst and Young
#28: Morgan Stanley
#27: Live Nation
#26: Boston Consulting Group 
#25: PwC 
#24: Goldman Sachs 
#23: Verizon 
#22: Deloitte
#21: Samsung 
#20: IBM 
#19: LVMH 
#18: J.P. Morgan Chase & Co.
#17: Dell Technologies
#16: Time Warner
#15: Airbnb
#14: Adobe
#13: McKinsey & Company
#12: Uber 
#11: Spotify 
#10: Netflix 
#9: Oracle 
#8: The Walt Disney Company 
#7: Comcast NBCUniversal 
#6: Apple 
#5: Tesla 
#4: Salesforce
#3: Facebook
#2: Alphabet
#1: Amazon 
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Monday's announcement adds the closure of a laboratory in Weiding, Bavaria, where 85 positions are being cut. An additional 106 positions will be lost at a baby nutrition plant in Biessenhofen, also in Bavaria, and 95 jobs are going at a Maggi plant in Luedinghausen, North Rhine-Westphalia.

Nestle made the announcement after striking a deal with German unions on packages offered to employees losing their positions.

"This gives us a reliable framework with which to set up our industrial structures in a very dynamic and rapidly changing environment," the Vevey, Switzerland-based company said.

(Reporting by John Miller; Editing by Kirsten Donovan)

Read Full Story