The Sydney Morning Herald said that the Australian company is axing up to 60 senior and middle managers and placing 100 jobs under threat at its Regent’s Park flexibles site in Sydney.
According to the report, the Regent’s Park site, which manufacturers food packaging, has been hit by Asian imports and higher raw material prices.
It was also reported that the company’s carton business has lost a major contract with breakfast food manufacturer Kellogg’s to New Zealand group Carter Holt Harvey.
In October, Amcor managing director Ken MacKenzie gave an update of the group’s global strategy, including its repositioning in Europe.
In the address, he revealed that in the past three years, since the start of his “The Way Forward” restructuring programme, no fewer than 60 of the company’s 77 top managers have changed.
Mackenzie said at the time that the number of extrusion production sites had been reduced from nine to three, while a £20m (A$47m) upgrade programme would be implemented at the remaining sites.
Packaging News was unable to contact Amcor this morning.
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