Saputo closes four sites
Saputo, a cheese maker in Canada, has announced measures aimed at improving operational efficiency. It will close four of its facilities, two in Canada, in Wetaskiwin and Glenwood (Alberta); as well as two in the US, in New London (Wisconsin) and Hancock (Maryland). The current production will be integrated into other Saputo facilities.
The first facility closure is scheduled in May 2014 and the last closure will occur in December 2015. In all, approximately 180 employees will be impacted. These employees will be provided with severance and outplacement support; and some will be offered the possibility of transferring to other Saputo locations.
In relation to these rationalizations, the company intends to add approximately C$35 million (€22.9m) in new fixed assets in other Saputo facilities and will avoid the same amount in capital expenditures that would have been necessary to upgrade impacted facilities.
