Verallia considers cutting up to 360 jobs as European glass demand declines
French glassmaker Verallia announced plans today to cut up to 360 jobs across Europe. The firm cited falling demand and lower alcohol consumption for this move.
Insights:
Verallia has started a business review that may lead to up to 360 job cuts as the company evaluates its production capacity in response to subdued demand for glass bottles. This ongoing review is driven by weaker volumes that have placed pressure on the European glass bottle sector, affecting production and employment across multiple European sites. The company is seeking to align its operational footprint with current market conditions.
