Saputo is closing its cookie factory in Laval, Quebec and transferring production to its Sainte-Marie-de-Beauce, Quebec, facility.
Go deeper with GlobalData
The company said that 97 jobs would be affected. The Laval plant will cease its operations on 29 June, 2007.
The company said that charges associated with the closure will total around C$800,000 (US$693,462). However, the group anticipates savings of approximately C$1.1m in fiscal 2008 and annual savings of C$1.6m thereafter.
“This decision is part of the company’s continual analysis of its overall activities and the implementation of measures aimed at improving its operational efficiency,” Saputo said in a statement.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
