Published by Global Banking & Finance Review®
Posted on February 17, 2026
2 min readLast updated: February 17, 2026
Add as preferred source on GoogleVerallia may cut 360 jobs in Europe due to declining glass bottle demand, affecting sites in Germany, France, and Britain.
PARIS, Feb 17 (Reuters) - French glass bottle maker Verallia said on Tuesday it has started a business review that may result in up to 360 job cuts across several European countries, via a possible site closure and the shutdown of furnaces.
One site in Germany could be closed and two furnaces, in France and Britain, could be shut down as part of an effort to adjust production capacity in Europe, the company said in a statement.
Verallia, which makes bottles for champagne and cognac among other beverages, attributed the move to subdued demand for glass bottles, particularly in Germany. The company also said it planned to restart a furnace in Leeds, England.
"This decline in volumes is the result of weaker demand linked to reduced alcohol consumption in Europe (-4% since 2019), combined with increased pressure on certain export flows for our customers, particularly to the United States and Asia," the group said.
Verallia will report its annual results on February 24.
(Reporting by Gianluca Lo Nostro; Editing by Benoit Van Overstraeten)
Unemployment is the state of being without a job while actively seeking work. It is often measured as a percentage of the labor force.
A business review is an assessment process where a company evaluates its operations, performance, and strategies to identify areas for improvement.
Production capacity is the maximum output that a company can produce in a given period under normal conditions.
Market demand refers to the total quantity of a product or service that consumers are willing and able to purchase at a given price.
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