Saputo to close cheese plant in Quebec 100 jobs affected

by Ross Marowits, The Canadian Press Posted Mar 14, 2013 2:51 pm MDT Saputo to close cheese plant in Quebec; 100 jobs affected AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MONTREAL – Canadian cheese giant Saputo Inc. (TSX:SAP) says it will close a manufacturing facility in Warwick, Que., next year, affecting 100 workers as it seeks to cut costs and improve its operational efficiency.The Montreal-based company said Thursday that cheese production will be shifted from the plant acquired in 2005 to other facilities in the province after the plant is closed in June 2014.Some employees will be able to transfer to other plants.Saputo said it has decreased costs over the last year while strengthening its market presence.In November, it announced plans to close a facility in Winkler, Man., in January 2014, resulting in 40 job losses. The Manitoba plant was part of Saputo’s $407-million acquisition of Dairyworld Foods in 2001.The company said it plans to spend about $36 million, mainly for new equipment in other facilities next year.The two plant closures will cost about $7 million after taxes, including a $4-million writedown. Annual after-tax savings of $6 million are expected to begin in fiscal 2015.Saputo spent $52.9 million in 2005 to purchase the manufacturing, marketing and distribution activities of Fromage Cote S.A. and Distributions Kingsey Inc., which made cheddar, Swiss and other specialty cheeses in Warwick and Plessisville, Que. The company also had a cheese aging facility and a cutting/distribution centre. Warwick is the only facility that will be closed.The Canadian plant closure come a few weeks after Saputo said its nearly seven-year European venture will come to an end with the shutting of cheese processing plants in Wales and Germany.Saputo is Canada’s largest dairy processor and the 12th biggest in the world. It also produces several brands of snack cakes.On the Toronto Stock Exchange, company shares closed down eight cents to $50.06 in Thursday trading. read more

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National Coop and WIL Week kicks off Monday

A week full of events highlighting the many benefits of Brock’s Co-op Education and Work-Integrated Learning opportunities will begin Monday, March 19.Run by Co-operative Education and Work-Integrated Learning Canada (CEWIL) in partnership with Brock’s Co-op and Experiential Education teams, National Co-op and WIL Week encourages current students to show pride in their program, while also providing information for those who are thinking of pursuing co-op or experiential studies.The week will feature daily events and activities, including:Daily Tweet for a Treat social media contestsA Master of Business Administration and Master of Public Accounting co-op employer panelA business card drawAccounting co-op employer mock interviewsThe Co-op Recognition and Celebration LuncheonAn interactive Co-op post-it boardTo learn more about the Co-op Education and Work-Integrated Learning events running from March 19 to 23, visit Brock’s National Co-op and WIL Week website. read more

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