A logo is pictured on the Nestle research center at Vers-chez-les-Blanc in Lausanne, Switzerland August 20, 2020. REUTERS/Denis Balibouse

Nestle (NESN.S) is shutting a factory in the north east of England, putting nearly 600 jobs at risk, as the world’s biggest packed food company restructures its confectionery business in Britain.

The move comes as the maker of KitKat shifts production to two other factories in York and Halifax, where it has invested 29.4 million pounds ($40.8 million). The site in Fawdon will close by 2023.

“The decision to propose Fawdon’s closure follows significant investment and a sustained effort by the factory team to reduce

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