By Ben GlickmanSensient Technologies may cut up to 130 jobs as part of a portfolio optimization plan. The company said in a regulatory filing Thursday that it was considering closing a manufacturing facility in Wales and its sales office in Granada, Spain in its Flavors & Extracts segment. Sensient is also considering closing a manufacturing facility and sales office in its Color segment. Sensient said that all the considered actions, if taken, are expected to cost about $40 million and would reduce headcount by about 130. Sensient also announced that Chief Financial Officer Stephen Rolfs would retire on June 30.

Source: Wall Street Journal February 09, 2024 06:24 UTC