SHARES in sausage skin manufacturer Devro have dropped by more than seven per cent in morning trading after profits were hit by moves to restructure its operation in Scotland.
Glasgow-based Devro, which supplies food producers around the world, booked pre-tax profits of £2.2m for the year ended December 31, down from £37.5m the year before.
The company said it will shed 130 staff at plants in Scotland over its 2014 and 2015 financial years as a result of efforts to replace inefficient technology.
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