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Blommer Chocolate to cut 226 jobs after Chicago factory shutdown
Cocoa processor Blommer Chocolate Company is cutting hundreds of jobs after announcing it will close its 85-year-old Chicago factory.
The company, owned by Japan’s Fuji Oil Holdings Inc, will lay off 226 workers in the city, according to a WARN notice. The move comes as the 1939 factory became too costly to operate, maintain and repair, Blommer said in a statement last week.
Cocoa and chocolate companies are under pressure as global shortages sent futures traded in New York beating records day after day. Cocoa now costs almost US$10,000 a metric tonne, exceeding the price of copper.
Blommer is not alone in closing factories. Barry Callebaut AG, the world’s largest bulk chocolate maker, said it plans to close a factory in Norderstedt near Hamburg and a facility in Port Klang, Malaysia, according to a company spokesperson. It has also cut 2,500 jobs, or about 18% of its work force.
- Bloomberg
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