Danish meat giant Danish Crown revealed yesterday [Tuesday] that it has laid off 115 employees at its former headquarters of Steff-Houlberg in Ringsted, eastern Denmark.

Danish Crown was formed at the beginning of this year, after the merger of Danish meat producers Danish Crown and Steff-Houlberg. Daka, the meat and bone meal (MBM) producer and new owner of the Steff-Houlberg administration building, has said that it will hire fourteen of the staff members who have been made redundant.

The company said that the lay-offs would slash its annual expenditure by 50m Danish crowns (US$6.1m).