GERMANY: Berentzen to trim work numbers
Berentzen-Gruppe is planning a round of job cuts in a move to cut costs and return to profit next year. The German drinks company has already warned that it expects sales to stagnate this year.
Speaking yesterday (31 March), Berentzen's CEO, Jan B. Berentzen, declined to reveal the numbers of workers affected, saying that the group is yet to discuss the matter with its workers' council.
Last year, Berentzen's sales slipped by 7% year-on-year to €180.1m (US$233.4m). The company's profits fell to a net loss of €13.8m for the period after recording a profit of €1.8m in 2003.
The company, which is based in Haseluenne, northern Germany, has launched an extensive restructuring process to narrow costs, and has also created its own national distribution network.
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