September 21, 2017 / 9:02 AM / 10 months ago

Nestle to cut up to 450 jobs at Galderma research centre in France

ZURICH (Reuters) - Nestle (NESN.S) said it plans to cut up to 450 jobs at a research and development centre for its skin health business Galderma in southern France, as it seeks to make the underperforming unit more efficient.

The Nestle logo is pictured on the company headquarters entrance building in Vevey, Switzerland February 18, 2016. REUTERS/Pierre Albouy

Nestle’s Galderma business, which Nestle took over from its joint venture partner L’Oreal (OREP.PA) in 2014, will cut as many as 450 of 550 jobs at the R&D centre in Sophia Antipolis near Nice, a company spokesman said on Thursday.

The move follows Nestle’s announcement last month that it would close a skin cream factory in Switzerland, with the potential loss of 190 jobs, and shift production elsewhere in response to a slowdown.

Reporting by Silke Koltrowitz and Angelika Gruber; Editing by Susan Fenton

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