Molson closes brewery
Molson Inc. announced that it would close its brewery in Barrie, Ontario, 100 km north of Toronto, on 1 September 2000. More than 350 employees will be made redundant. Molson plans to invest up to CAN$100 million over the next five years to expand its Toronto brewery and make it more efficient. The expansion will bring the Toronto capacity up to 5 million hl which places it ahead of the 4.3 million hl Montreal plant. The moves are part of a strategy to boost profits by making Molson’s breweries use their capacities more efficiently. The Barrie shutdown will help Molson save CAN$30 million a year. In 1999 Molson also cut 300 white-collar jobs in sales and administration. John’s, Nfld..
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