Saputo is closing three of its facilities in eastern Canada.
The move, which the company says is to improve operational efficiency, means 230 jobs will go in Ottawa, Ontario; Sydney, Nova Scotia; and Princeville, Québec.
The Saputo and Scotsburn Co-operative Services Ltd. deal for the plants in Sydney and Mount Pearl, N.L., was completed with a $61-million pricetag, and they employed close to 400 people with annual sales of $160 million at the time.
Scotsburn reportedly made the sale to focus on ice cream and also sold its fuel business to Bluewave Energy that same year.
Production will be diverted to other facilities and the company announced this will save $9 million annually by fiscal 2019.
Saputo is the largest cheese manufacturer in Canada and one of the top 10 dairy processors in the world.
Agencies/Canadajournal
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