Dairy jobs to goThis article was originally published in Foodnews
DANISH dairy giant Arla Foods is to cut 250 jobs across its active markets, saving an estimated DKK1.0 billion (US$177 million). "Three months into the year, Arla's budget is under additional pressures because of unfavourable exchange rates for sterling and the Swedish krona, " said chief executive Peder Tuborgh. "The market is showing no signs of recovery. We therefore need to implement savings which means we'll also have to resort to redundancies."