Nestle is cutting 300 jobs in the UK

Leanne Geale

Nestle, the Swiss foods giant said it will be cutting about 298 jobs in the United Kingdom.

The move is part of its plans to downweight its operations and also leave the European Union on the larger scale.

According to Reuters News Agency, the Fawdon site in northeast England will also be hit by the transfer of production of its Blue Riband biscuits to Poland.

It said the cuts, which represent less than 4 percent of its UK workforce, were aimed at ensuring its operations “operate more efficiently and remain competitive in a rapidly changing external environment”. The company did not mention Brexit.

The majority of the cuts will take place in 2017 and 2018 at Fawdon and York and will be achieved through voluntary redundancies, said Nestle, which currently employs more than 8,000 people across Britain.

Nestle is also present in Nigeria, a country where the company is struggling to cope with recession, inflation and Naira (NGN) depreciation which has eroded asset value and makes borrowing more expensive.

Its major rival, Unilever Nigeria, announced last week that it will be selling its spreads business (butter) to a yet to be named buyer.