Nestle Shuts Buitoni Pizza Factory In France Following Outbreak Issues

by Shivani Kumaresan, Benzinga Staff Writer

March 31, 2023 6:11 AM | 1 min read | Make a Comment

Nestle ADR NSRGY said it is closing its Buitoni pizza factory in France after a shrink in demand volumes.
The company had temporarily suspended production at the Caudry site on March 2 after an E. coli outbreak that led to a recall.
Nestle said it will launch a process to find a lasting recovery solution for the factory.
Also Read: Nestle Plans To Review Banking Relationships Following Credit Suisse Downfall
Nestlé France would undertake to present the opportunity for internal redeployment to the employees of Buitoni Pizza within other entities of the Nestlé group in France.
The company will also support and identify opportunities for external redeployment.
Also Read: Nestlé Plans To Hike Prices In 2023
Price Action: NSRGY shares closed lower by 0.71% at $120.90 on Thursday.