Sidel Group, the blow moulding equipment unit of Tetra Laval Group, is moving its headquarters from Switzerland to Italy and laying off 10% of its workforce. The restructuring will be completed by early 2016. Sidel is moving its headquarters in Zug, Switzerland, to its manufacturing operation in Parma, Italy. A Sidel spokeswoman said the Zug facility was a headquarters with no manufacturing. Parma has become a centre of excellence in filling for complete production lines and filling technology. The announced changes are part of its move to focus exclusively on PET equipment. The moves will create "a new, streamlined functional structure" as well as "more centralised reporting lines and fewer management levels," the company said."The changes will generate cost savings that will be reinvested back in developing improved solutions for our customers." The reorganization impacts only Sidel.
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