Nestlé to Cut 80 Jobs at Czech Factory, Citing Reduced Demand for Meat Alternatives
Nestlé has announced it will be cutting 80 jobs at its Krupka factory in the Czech Republic, citing a slowdown in sales of plant-based meat alternatives among European consumers. The cuts represent one-fifth of the plant’s workforce, though Nestlé hopes to help many workers reintegrate into the local labour market. The facility, which produces the company’s Garden Gourmet products, will remain operational; however, output will be reduced from September. Nestlé says it remains committed to its plant-based ranges, but must adjust to lower-than-expected demand following the pandemic. The company notes that market conditions such as inflation and increased competition have contributed to declining sales. Responding to market challenges Nestlé has previously indicated that its plant-based brands are facing challenging market conditions; in 2023, the company …