date:May 17, 2012
Yesterday, CEO Peder Tuborgh said that the Danish-headquartered co-operative (turnover 54,893m or 7.2bn in 2011) needed to cut costs by DKK 500m (67m) as it tried to attract and retain milk volumes, to ensure attractive returns for farmer shareholders.
Consequently, the firm will also shed around 250 administrative jobs by the end of 2012, while around 150 administrative jobs will be restructured within Arla Foods.
Fewer vendors: greater savings
Asked if Arla Foods would be asking supplier