CSM Reorganizes UK Bakery Operations

These measures are in line with previous announcements regarding reinforcement of CSM’s market positions and organizations and are part of CSM’s worldwide 3S program

16/01/05 CSM subsidiary, BakeMark UK today announced a reorganization of its structure and operations. The reorganization will be implemented and completed in the next few months.

Aim of the restructuring is more direct steering of the activities, thus eliminating a large number of middle-management positions. The sales organization will also be restructured to focus more strongly on successful product categories. Activities that do not add value will be terminated. Processes will be optimized and simplified and roles and responsibilities made more transparent.

In total, 74 positions across all disciplines in the organization will disappear. In the case of forced dismissals the employees involved will be assisted in finding a new suitable job. These measures are in line with previous announcements regarding reinforcement of CSM’s market positions and organizations and are part of CSM’s worldwide 3S program (a Strong company, a Sharp team, and a Solid performance). The reorganization involves costs of GBP 2 million.