Swiss food group Orior to cut 90 jobs

Faced with declining half-year results and a high level of debt, the Orior food group is cutting 90 jobs to turn its business around. +Get the most important news from Switzerland in your inbox The Zurich-based group now wants to focus on the Swiss market and a selection of international activities. Management is considering "all strategic options" for its Belgian subsidiary Culinor Food Group, including a sale. The management hopes to find a buyer by the first quarter of 2026, CEO Monika Friedli-Walser said on Thursday. If no buyer is found, Culinor's activities will be integrated more closely into the parent company. Chief Financial Officer Sacha Gerber would not give a price, but according to experts at Zurich Cantonal Bank, it could be between CHF50 million and CHF100 million. Culinor was acquired in 2016 and produces ready meals for the retail and catering sectors in several European countries, but not for Switzerland. Orior does not give details of Culinor's sales, but its ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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