More Job Losses as Nestle set to Cease Local Production of Popular Drink
Over 200 Jamaicans formerly employed at Pan Caribbean Sugar Company lost their jobs on Monday.
Now more persons will the ranks of the unemployed soon as Nestle is set to lay off employees in January.
According to the Observer, NESTLÉ Jamaica Limited yesterday confirmed that it will cut at least 30 jobs next month when it ceases local production of its popular Milo drink at its Bybrook plant in St Catherine, citing unfavourable energy costs as a factor influencing the decision.
“The restructuring efforts will continue into January 2015 with the effective date for the redundancies being mid-January,” Nestlé stated in a news release.
“High unsustainable maintenance and production costs, along with limited growth potential and declining export possibilities, have led to the decision to reduce the scope of Milo operations in Bybrook,” Nestlé said in its release. “This will result in an import and repackaging operation in an effort to continue employment for as many employees as possible.”
Calls to the public relations officer and management for more information proved futile up to press time.
Jamaica’s high energy costs and poor infrastructure ranked the island 97th globally, or worse than civil war-torn Syria, according to the Global Energy Architecture Performance Index Report 2015 published this month by the World Economic Forum in collaboration with Accenture Strategy.
Nestlé began local Milo production in 1965 in an effort to cease imports from Australia.
Source: Jamaica Observer
This is awful!!!!
Where will I get my MILO????