Amcor Flexibles to slash 900 jobs in massive rejig

It is unclear at this stage how the plans will affect the group’s UK operations, but Amcor said the restructure would lead to a “significant reduction” in the number of its sites with flexographic or gravure printing.

Amcor will also build a new £18m (€26m) plant in Poland to serve PepsiCo’s snack food business in Eastern Europe.

The group, which has 38 plants across 15 Europe countries, said the proposals would cost £40m, but would add £20m a year to profits from 2009/10.

It will also spend £27m over a two-year period on new equipment or relocation of equipment to plants that survive the restructuring.

Chief executive Ken Mackenzie (pictured) said: “With an improved operational focus and clearer strategic direction, the business will be well positioned to deliver solid growth and strong returns.”

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