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Thursday, Sep 5
Green Mountain Coffee shutters its Toronto facility; cuts 120 jobs
- Green Mountain Coffee (GMCR) says it will cease production and shutter the company's Toronto facility early next year.
- The closure will result in 120 job cuts and a one-time charge being recorded in the current quarter, but the company says it should be immaterial to FY results.
- Production will be shifted to its Montreal facility, where it's expanded its presence by more than 40% this year.