COLOMBIA: Panamco to shut 11 production lines
The plants themselves will not close, however, and will carry on operating for non-production, commercial purposes.
The cost saving drive will also see 300 jobs go out of a total workforce of 9,000 through a programme of voluntary retirement.
Juan Carlos Dominguez, Panamco's head of legal and public affairs was reported today as saying: "The market has been sluggish over the past few years."
However, it remains unclear how the production stoppages will affect the overall output of the company.
Sectors: Soft drinks
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