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The reduction in pig production for slaughter and excessive costs are testing the competitiveness of Denmark's largest meat company.
Due to the current costs being excessive compared to revenues, the Danish company has been forced to take drastic measures, including the elimination of approximately 500 jobs. These actions are part of a plan to reduce costs by 500 million Danish kroner annually (67 million euros) and to focus exclusively on the most critical areas of the business.
Duedahl emphasizes that although these layoffs are painful, they are necessary for Danish Crown to regain its financial stability. He also states that the company is under control and will be able to overcome the crisis through internal strategic decisions. Since taking over as CEO in September, Duedahl has unified the group’s functions to optimize its operations, with a vision to unlock the company’s untapped potential.
In larger redundancy rounds in Denmark, legal negotiations must be initiated with employee representatives to limit the extent and ensure conditions for those made redundant. That process begins now. Notices will be delivered after the negotiation period and no later than the end of October in Denmark and abroad according to national regulations.
October 11, 2024/ Danish Crown/ Denmark.
https://www.danishcrown.com/
