1 Day
Source:
Los Angeles Times
Twist cap firm to cut jobs amid California wine issues
G3 Enterprises, a Modesto-based packaging company serving the wine industry, is laying off 66 workers primarily involved in wine screw cap operations this fall, citing declining demand, rising costs, and market oversupply affecting California's wine sector. The layoffs, expected to be permanent, reflect broader challenges faced by the industry due to aging consumer bases, changing preferences toward premium and lower-volume wines, and increased competition. Despite these cuts, the Modesto facility will continue producing other types of beverage closures, and the industry analysts anticipate a stabilization within two years.
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