Beverages and food products glass packaging provider Verallia has revealed plans to adapt its business in line with the changes in the French market.
The company’s transformation plan will see it adjustments to its manufacturing capacity and industrial performance in the country.
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Verallia, which has strong presence in the wine segment in the country, has experienced decline in the still wine market affecting the company’s large share of sales.
Meanwhile, there is growth in imports from more competitive foreign glassmakers operating in neighbouring countries representing 33% of the French domestic market.
The new plan includes various measures such as early retirement and a voluntary redundancy plan.
This is expected to affect 130 employees at six Verallia France glass plants, including nearly 80 at the Cognac site.
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By GlobalDataAn information-consultation procedure with employee representative bodies will be held on 22 June.
As part of the plan, the company has stopped the reconstruction of one of the three furnaces at the Cognac site, which produces bottles for the wine market.
In line with the plan, Verallia deployed new industrial organisations in its Group’s other European countries.
With around 10,000 employees, Verallia has 32 glass production facilities across 11 countries.
In November last year, Verallia invested €33m ($36.3m) for the modernisation of its production facility in Burgos, Spain.
