Amcor has announced further plans to streamline its flexibles business which "will likely result in the restructuring or closure of several plants in developed markets”.
The company plans to “align capacity with demand, increase utilisation, and improve costs”.
Reorganisation will include streamlining the organisation, “particularly in Europe”, to lower overhead costs, increase customer focus and improve speed to market by reducing complexity, the company said.
Amcor did not provide exact details of the reorganisation, indicating plans are now being developed.
Delia called the company’s flexible and tobacco packaging business strong, but added that the company needs to take decisive action to make sure the firm is aligned with “market growth opportunities and customer needs”.
