Nestle says it has ‘temporarily shut down’ a production plant in Israel By Reuters

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<span>© Reuters. FILE PHOTO: Nestle’s logo is seen at a plant in Konolfingen, Switzerland, Sept. 28, 2020. REUTERS/Arnd Wiegmann/File Photo</span><br />
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<p>By Richa Naidu</p>
<p>LONDON (Reuters) – Nestle said it has “temporarily shut down” of one of its production plants in Israel as a “precaution”, becoming the first consumer products giant to announce a response to the conflict there.</p>
<p>Several global companies have temporarily shut some operations in Israel and asked their employees to work from home after the country came under a surprise attack by Palestinian Islamist group Hamas earlier this month.</p>
<p>“Our focus is on keeping our colleagues and employees safe. I have no comment on the development of the business,” Nestle Chief Executive Mark Schneider said on an earnings call with journalists. “We’ve taken necessary precautions.”</p>
<p>Other multinational packaged goods companies have so far remained silent on the conflict, even as retail, healthcare and oil companies have rushed to voice their positions.</p>
<p>The silence follows criticism of the packaged goods industry for choosing to keep one foot in Russia while continuing to sell “essential” products such as diapers and infant formula there. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/nestle-says-it-has-temporarily-shut-down-a-production-plant-in-israel-3202625">Source link </a></p><p>The post <a href="https://forextraderhub.com/nestle-says-it-has-temporarily-shut-down-a-production-plant-in-israel-by-reuters.html">Nestle says it has ‘temporarily shut down’ a production plant in Israel By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>

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