NestlÃ© shifts Smarties production to Germany
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First the hexagonal tube, now this... It's enough to have any true patriot choking into his or her beef pie of olde England: NestlÃ© has announced that it has decided to shift Smarties production from York to Hamburg, in the process axing 645 jobs at the Rowntree chocolate factory which it acquired in 1988.â¦
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NEW YORK (Dow Jones)--Infineon Technologies AG (IFX) said it will build a new front-end production plant in Kulim High Tech Park, Malaysia.
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Department store giant Kardstadtquelle is to restructure at a one-off cost of 1.4bn euros and pull out of non-core businesses.
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Aug. 18 (Bloomberg) -- Nestle SA, the world&#39;s largest food company, said first-half profit rose 2.1 percent, less than forecast, as sales in Western Europe declined and costs for sugar, energy and packaging materials increased.
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Struggling German retailer KarstadtQuelle said Tuesday it plans to sell nearly half of its department stores and issue euro500 million (US$615 million) in shares as it restructures in response to Germany&#39;s persistent retail slump.
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Nestle  pushed its rapid expansion in the bottled water business forward on Tuesday by agreeing to take over Swiss bottler Henniez  in a deal valued at 155 million Swiss francs ($128.3 million).
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German business software vendor SAP plans to relocate a number of administrative jobs from its German headquarters and European subsidiaries to Prague, in a move aimed at streamlining its operations and reducing costs.
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Swiss food group Nestle has said it would slash 645 jobs at a chocolate factory in the northern English city of York.
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Volkswagen said it would stop production of its Golf model at its Brussels plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost. The company said it would move all Golf production to plants in MÃ¶sel and Wolfsburg in Germany as part of plans to cut production in Western Europe because of falling demand. A VW spokeswoman, Evelyne Helin, said 1,500 jobs could be salvaged of the 5,300 at the assembly plant.
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HARRISBURG, Pa. -- The Hershey Co., whose name has been synonymous with U.S. candymaking for more than a century, is moving a bigger chunk of its production to Mexico.
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Nestle SA, the world's biggest food and drink company, reported at 14 percent increase in 2006 profit Thursday after it increased prices and restructured some parts of the business as it seeks to focus on health and nutrition.
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From RUEHL to new retail, the clothing chain's on the move.
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NESTLE SA, the world&#39;s biggest food and drink company, posted a modest 2 per cent increase in profits for the first half of the year as it faced such challenges as higher prices for raw materials like milk and coffee as well as cooler temperatures, which ...
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HAMBURG, Germany  - A project to build a 130 million euro ($172 million) plant to produce 200,000 cubic metres of bioethanol annually was announced by three German groups on Tuesday.
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Karstadtquelle, the German department store and mail order giant, announced plans to sell off or close more than half its 180 retail outlets yesterday under a radical overhaul designed
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Cadbury Schweppes Plc , the  world&#39;s largest confectionery group, said it planned to cut 15  percent of its jobs and factories and was more likely to sell  than spin off its American drinks unit.
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Deutsche Telekom is changing its   management structure after poor quarterly results revealed that   Europe's biggest telecoms group by sales was no longer growing   in its German home market.