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Barry Callebaut preparing to cut one in five jobs, CEO tells paper

Reuters
Updated ·1 min read
FILE PHOTO: Empoyees of chocolate and cocoa product maker Barry Callebaut prepare chocolates in Zurich

BERLIN (Reuters) -Swiss chocolate maker Barry Callebaut is preparing to cut around 2,500 jobs, or 19% of its workforce, CEO Peter Feld said in an interview with German business newspaper Handelsblatt published on Monday.

"It's about reducing complexity and eliminating duplication and inefficient structures," Feld was quoted as saying.

The job cuts are to be implemented within the coming 18 months, according to the report.

A company spokesperson said Barry Callebaut had in September launched a program which included measures to increase efficiency that aimed to reduce costs at the firm by 15% and which could affect up to 2,500 jobs worldwide.

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The plan, dubbed BC Next Level, primarily aimed to eliminate duplication and inefficiencies, the spokesperson said, adding: "Discussions with employee representatives have just begun."

(Writing by Rachel MoreAdditional reporting by Paul ArnoldEditing by Miranda Murray)