VEVEY (dpa-AFX) - Nestlé Skin Health said that it plans to cease operations at its Egerkingen factory in Switzerland. This may result in a reduction of about 190 positions.
The company noted that production volumes in Egerkingen are and have been very low, resulting in underutilization of assets and hence additional pressure on manufacturing cost. Nestlé Skin Health does not foresee a significant volume increase over the next years in Egerkingen, even taking into account growth forecasts for markets served by the factory.
Nestlé Skin Health intends to transfer manufacturing activities from the Egerkingen site to its other Nestlé Skin Health manufacturing facilities across the world and move its Swiss sales office and the consumer business unit to other locations in Switzerland. The transfer will happen in several waves over the next 12 to 18 months.
Copyright RTT News/dpa-AFX