Thursday June 4, 2020

€200 million cost-cutting plan on track, says Aryzta

Ian Guider

Markets Editor

9th June, 2019

Irish food company Aryzta has said its €200 million cost-cutting plan is on track after its implementation was delayed this year by its emergency cash call on shareholders.

The company, which lowered its earnings forecast last week, said plans to slash costs by increasing automation in its bakeries and axing staff will still deliver planned savings of €40 million this year.

“We were off, as you know, to a late start, given we had to...

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