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Nestlé leaves the sweets market in New Zealand. The food company sells its local brands, such as Mackintosh & # 39; s and Heards, to Quadrant Private Equity.
The largest food company in the world stands out from its confectionery business in New Zealand. (Photo: KEYSTONE / BOT JEAN-CHRISTOPHE)
(sda / awp)
With the agreement, Nestlé wants to reduce the capacity of its Wiri plant. Of these, 55 out of 270 are affected. A consultation with employees will be launched, Nestlé said Thursday.
Nestlé hopes to be able to handle the natural attrition process and promises a social plan and job search assistance. In addition, Quadrant wants to offer employees the opportunity to relocate to Levin's factory
The reason for the sale of the brands Mackintosh, Heards, Black Knight and Fabulicious Red Licorice is a review of confectionery activities in Australia and New Zealand. Nestlé wants to focus on the main brands of chocolate, bakery and medicine, says the message.
Nestle did not mention the retail price of brands. At the Wiri plant in New Zealand, culinary products such as Maggi soups must also be produced and exported.
Nestlé has already undertaken several portfolio changes under the leadership of its leader Mark Schneider. Among other things, Nestlé sold the US confectionery business to Ferrero for $ 2.8 billion.
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