Advertisement
Singapore markets closed

  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • Dow

    38,852.27
    +176.59 (+0.46%)
     

  • Nasdaq

    16,349.25
    +192.92 (+1.19%)
     

  • Bitcoin USD

    63,617.75
    -669.39 (-1.04%)
     

  • CMC Crypto 200

    1,316.52
    -48.60 (-3.56%)
     

  • FTSE 100

    8,298.17
    +84.68 (+1.03%)
     

  • Gold

    2,321.50
    -9.70 (-0.42%)
     

  • Crude Oil

    78.24
    -0.24 (-0.31%)
     

  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     

  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     

  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     

  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     

  • Jakarta Composite Index

    7,123.61
    -12.28 (-0.17%)
     

  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

Nestle to close Linz plant in Austria, 127 jobs to go

Reuters

ZURICH (Reuters) - Swiss food group Nestle (NESN.S) plans to close its plant in Linz, Austria, by March 2018, it said on Tuesday, citing falling demand and changing consumer trends.

It said it would consult labour representatives to help the 127 staff affected. The plant opened in 1879 and makes around 6,000 tonnes of food products per year.

Nestle currently employs around 1,000 workers at 16 sites in Austria, it said on its Austrian website.

The factory in Linz specialised in products for its business to business division.

(Reporting by Michael Shields; Editing by Ruth Pitchford)