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Nestle to close Ludwigsburg plant in Germany

Reuters  |  ZURICH 

(Reuters) - plans to close at the end of 2018 a German plant that makes substitute and roasted cereals and which employs around 100 staff, the Swiss group said on Wednesday.

It cited reduced demand for Caro, which was popular in the post-war period. "This led to production volume stagnating at a low level. The site is far from being fully used," it said in a statement.

Some output from the near will be transferred to other sites in Europe, it added.

(Reporting by Angelika Gruber, Writing by Michael Shields; Editing by Elaine Hardcastle)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 22:51 IST