Nottingham-based contract manufacturer BCM, has announced plans to cut up to 400 jobs as part of a two-year plan with its new owners Fareva.
The plan will see big changes at the Nottingham based factory, which has stood on the Boots site for the past 85 years.
As part of the plans, there will be a major focus on operating costs, which means there will be a reduction of 400 roles, beginning with the loss of 78 production roles over the next six months.
Fareva bought BCM in November 2017.
BCM will now focus on healthcare, skincare, sun care and oral care products and will receive a cash injection of £16 million from Fareva, to complete much needed upgrades and renovations within the factory.
The business will move out of producing toiletries, haircare, perfumes, foods and biocides.
BCM managing director Richard Whall said: “We have agreed a two-year plan with our owners and as part of that we, unfortunately, had to make some tough decisions to safeguard the long-term future of BCM here in Nottingham and take the business back to profitability.
“This means we will have to make redundancies.”
‘A crushing blow’
Following the news, the Union of Shop, Distributive and Allied Workers (Usdaw), has said this is a ‘crushing blow’ for the workforce at BCM.
The union has now asked for urgent talks with the firm to discuss these job losses.
Daniel Adams, Usdaw National Officer said: “The announcement today is a crushing blow for the hard-working and loyal workforce at BCM.
“Usdaw has demanded urgent talks so that we can examine the company’s rationale behind such significant job losses.
“Usdaw will look at all options to save jobs and protect our members as a result of this announcement.”