Danish Crown Implements Job Cuts to Save Costs
COPENHAGEN, 11 October (Reuters) – Danish Crown, a major meat producer and exporter, announced on Friday plans to cut around 500 white-collar jobs as part of a significant reorganisation aimed at saving approximately 500 million crowns (£59 million) in annual costs.
“Danish Crown is in the midst of a crisis, and we are facing radical changes. Our costs are simply too high compared to our earnings,” said CEO Niels Duedahl, who assumed his role on 1 September, in a statement. “We are now restructuring the organisation and focusing entirely on our core business to ensure better payments for the farmers who own Danish Crown,” he added.
In April, the company revealed plans to close one of its major slaughterhouses in Denmark and lay off nearly 1,200 employees by mid-September, expecting to save around 250 million crowns over the next three years.
At that time, Danish Crown stated that the number of pigs sent for slaughter in Denmark had significantly declined since 2021, making it necessary to streamline production to offer Danish farmers a competitive price for their livestock.
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