Due to a sharp decline in sales after a massive outbreak of food-poisoning last summer, Snow Brand Milk Products Co. said Friday that it will cut 1,000 jobs by the end of September and close an additional three factories by the end of March.
Snow Brand's sales decreased 33.5 percent in fiscal 2000, which ended March 31, from the previous year to 361.55 billion yen.
The major dairy product maker reported 58.68 billion yen in pretax losses, compared with 12.2 billion yen the previous year, and 55.96 billion yen in operating losses against 11.26 billion yen a year earlier.
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