Cork producer Amorim has said that it plans to cut more than 50 jobs in its wine closure division, warning of a slowdown across the sector.
Amorim has said it will cut 53 jobs in its wine closure business, as part of nearly 200 job losses across the company. The total job losses are equivalent to nearly 1.5% of the company’s total workforce of 3,840.
A spokesperson for the Portugal-based group told just-drinks today (16 February) that the cuts were part of an “ongoing consolidation process” at the company.
He said, however, that this process has been “accelerated” by the global economic downturn.
He warned that other wine closure companies would likely have to follow suit, and particularly those firms supplying closures to higher priced wines, reflecting a downwards consumer shift in terms of price.
The spokesperson added that Amorim remained relatively well-placed to handle the economic downturn, due to its scale and diversity of products.
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