Nestle to divest two factories in Germany, citing rising costs
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FILE PHOTO: A view of the logo during the Annual General Meeting of Nestle in Ecublens near Lausanne, Switzerland, April 18, 2024. REUTERS/Denis Balibouse/File Photo
BERLIN (Reuters) - Nestle will divest two factories in Germany, the world's largest packaged food company said on Thursday, citing overcapacity due to rising costs and consumer price sensitivity.
The decision to close the factory in Neuss in mid-2026 and sell the one in Conow at the start of next year affects about 225 jobs, according to the company.
(Writing by Miranda Murray, Editing by Rachel More)
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