Cloetta plans to cut up to 100 jobs in Europe to match new strategic priorities

From Yahoo Finance: 2025-04-28 06:07:00

Cloetta, a confectionery group, plans to cut up to 100 jobs across its European operations by the end of the year to match new strategic priorities, expecting annual savings of Skr60-70m. The changes will impact commercial and group-level jobs, with the full financial impact expected in Q1 2026.

The company’s management team will be streamlined from ten to nine members, including president and CEO Katarina Tell. Cloetta’s new strategic priorities focus on winning with “super” brands, expanding into new markets like Germany and the UK, and excelling in marketing and innovation.

To support its goals, Cloetta will improve its operating model through net revenue management and optimize its supply chain. The company has increased its long-term organic sales growth target to 3-4% per year and aims to reach at least a 12% adjusted EBIT margin by 2027.

In February, Cloetta shelved plans for a new confectionery plant in the Netherlands after selling its Nutisal roasted nuts label to The Monchy Food Company for around €5-€6m. The company’s proposed job cuts are subject to negotiations with union officials, with further details expected by October.

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