VEVEY (dpa-AFX) - Swiss nutrition, health and wellness giant Nestle SA (NSRGY, NSTR.L) may cut up to 400 of 550 jobs at its Galderma research and development center in southern France, according to reports.
Nestle plans to offer about 300 of the 550 employees at the R&D center in Sophia Antipolis a voluntary leave package. Another 100 could be transferred to a new biologics and systemic-treatments center, the reports said.
In late August, Nestle said it would cease operations of a skincare-product factory in Switzerland, resulting in the loss of 190 jobs.
Copyright RTT News/dpa-AFX