Saputo cutting costs by closing 3 Canadian plants

Mar. 22, 2016 – Saputo says it will close three plants in Eastern and Atlantic Canada employing some 230 workers by the end of next year in a move to cut costs and boost efficiency, according to The Canadian Press.

The Montreal, Que.-based dairy processor and cheese maker said its plant in Sydney, N.S., will close in June, followed by another in Princeville, Que., in August. A third facility in Ottawa, Ont., will close in December 2017. As a result of the closures, production will be diverted to other Saputo facilities, says the company.

The move is expected to save $9 million annually by fiscal 2019.

— With files from The Canadian Press