Diemen,The Netherlands, Dec 17, 2008 – CSM today announces redundancies in its factories in Wirral, UK and Aartselaar, Belgium.
These measures are an integral part of our strategy to improve efficiencies in the supply chain as we strengthen our position as the global leader in Bakery Supplies.
There will be an overall reduction of 125 FTE’s, representing up to 30% of total workforce in both factories. CSM will offer its support in finding alternative employment. The majority of the reductions will be achieved by the release of temporary staff and those on short term contracts. The reductions will be phased in until end 2009 as efficiency improvements are implemented in both factories.