CSM is progressing its restructuring program in US
CSM is, as previously announced, executing a restructuring program to re-position the organization to the changing consumer environment. This CSM wide restructuring program is geared to achieving a more lean and agile operating model. The total program is targeting a cost reduction of � 50 million by the end of 2013 (run rate), of which at least � 30 million is targeted to be achieved in 2012. In driving this program, Bakery Supplies North America has announced 140 staff redundancies, which will take effect in the fourth quarter of 2011. Together with the previously announced closures of two plants as a result of the Best Brands integration, Bakery Supplies North America is reducing its workforce by 330 before mid January 2012 at the latest.
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