Thread regarding International Flavors & Fragrances Inc. layoffs

likely NJ R&D facility to be closed - possible/likely relocation of employees to Wilmington, DE

Based on information given to Wall street presentation, the company needs to shed 300 MM in costs. The R&D facility in New Jersey is 50+ years old but millions have been sunk into the facility through years of renovations and the building of a huge solar farm. Facility has a small fraction of employees compared to N&B R&D facility in Wilmington. Employees fear that the NJ labs will be shuttered and jobs shipped to Wilmington. A lot of positions will likely be eliminated because of "redundancy"

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