Hero, the Swiss preserves, snacks, and infant nutrition manufacturer, has announced plans to close its jam-making factory in Lenzburg, Switzerland, where the firm also has its headquarters.
The decision was taken by the board after employee proposals submitted during the consultation period did not provide a viable alternative, the company said in a statement.
The plant was opened in 2011 but never managed to reach adequate capacity utilization, a situation further compounded by an ongoing decline in jam consumption in Switzerland, Hero added.
“We are very saddened by this decision to close the production facility in Lenzburg, and especially by the loss of employment for 48 of our people”, said Hero Group CEO Rob Versloot. “It is a sad day at Hero, but at the same time it is our duty to take decisions that will ensure the long-term competitiveness of the company”.
The factory is set to close at the end of 2024.