Last rmonth we eported about C&C when they were having problems after a bad summer’s earnings. Yes, we all remember the rain ! C&C Brewers (www.candcgroupplc.com) who are the makers of Magners cider, is attempting to save €10 million by letting up to 15% of it’s staff go. C&C has been hit with the diminishing sales despite their attempts this year to enter new markets, like Germany this year.
C&C hired 200 new staff to aid with their expansion earlier this year, but now it is feared that they have spread themselves too thin. Last week C&C’s share price reached a 4 year low, with the fears that this news was coming.
What are the general job disciplines of the laid-off workers?
Nick, I’ve no idea as it is not stated in their reports. I would guess that it will be mainly in the manufacturing/production side, as this year they added most people to this area.
I’ve heard that they will also be looking to see if they can get voluntary redundancies first, from 150 people.
Actually here is a report I’ve just read :
hope that helps.
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