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Nestle Waters to Cut 250 Jobs at Vittel and Contrex Sites

Source: FLEXNEWS
29/04/2008

29 April 2008 - French media report that some 250 jobs will go by the end of 2009 at Nestle Waters' two bottling sites in the Vosges region in a bid to restore their profitability.

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A total of 1,600 people currently work at the two plants, which combined make up Europe’s largest bottling site. There won’t be any redundancies, say the reports.

Vittel and Contrexéville, two of Nestle Waters’ mineral water brands, are faced with a combined drop in domestic sales and very high fixed costs and are lagging behind their main competitors. Although their net results remain positive, their profitability has been decreasing year after year and they have now hit crisis point, a Nestle Waters spokesperson was reported as saying.

Nestle Waters also vowed to invest an as yet unknown amount of financial resources into production facilities and training initiatives at the two sites.

Nestle Waters' Vittel bottling site



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