Boots is to close one of its factories with the loss of 1,000 jobs.
The skincare and cosmetics plant at Airdrie in Lanarkshire, Scotland, will close over the next two years under a rationalisation programme which the company began last year.
Boots reckons the move will cost around £39 million, £20 million of which will fall in the current financial year. The costs will include asset write-offs of £14 million.
But it is expected to deliver savings of £16 million annually and recover all implementation costs over a three-year period.
Boots says it will work hard to minimise the impact of the closure and pledged there would be no compulsory job losses over the first nine months of the closure plan.
Workers will be considered for redeployment elsewhere in the group.
The Airdrie factory opened in April 1949, employing 600 staff in manufacturing and distribution, but now it makes around 100 million cosmetics and skincare items each year.
Product ranges include No7 and 17 cosmetics, Botanics, Natural Collection and Soltan.