economy

April 26, 2026

Famous Chocolate Manufacturer Announces Major Layoffs After More Than a Century: Up to 70 Positions to Be Cut

German chocolate manufacturer Ritter Sport, known for its square bars, has announced that for the first time in over a century, it will reduce its workforce.

Famous Chocolate Manufacturer Announces Major Layoffs After More Than a Century: Up to 70 Positions to Be Cut

TL;DR

  • Ritter Sport plans to eliminate around 70 jobs at its Waldenbuch headquarters.
  • This is the first time in over a century that the company will reduce its workforce.
  • The layoffs are attributed to financial pressures, including rising costs of raw materials, energy, and packaging.
  • A decline in demand and record high cocoa prices have also impacted the company's financial results.
  • The company recorded a loss in 2025 and had weaker operational profit than planned.
  • The cuts primarily affect administrative positions.

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