Oatly to close Singapore plant, affecting 34 employees, to cut costs and redirect Asia-Pacific supply from Europe.

Oatly, the leading oat drink company, plans to close its Singapore plant to improve cost efficiency and reduce capital spending. This move affects around 34 employees and comes with expected non-cash impairment charges of $20-$25 million in Q4 2024 and restructuring costs of $25-$30 million through 2027. Oatly aims to support its growth in Asia-Pacific through its European facilities.

3 months ago
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