just-food’s first week back after the Christmas and New Year break included PepsiCo brushing off a US report of plans to cut 4,000 jobs, UK seafood firm Young’s Seafood shedding over 500 posts and Arla Foods pledging to expand in Scotland – but saying the move could still affect employees. In the week between Christmas and New Year, we saw China’s food sector rocked by its latest safety scandal, with news that dairy group Mengniu Dairy produced milk containing a carcinogen. Click on the headlines for more.

US: PepsiCo claims talk of 4,000 job cuts “inaccurate”
PepsiCo has denied reports that it is looking to cut around 4,000 jobs and reduce pension contributions in a bid to boost earnings.

UK: Nestle UK to quit Croydon HQ
Nestle has today (5 January) confirmed speculation it is moving the headquarters of its UK business.

UK: Young’s to cut 555 jobs at Cumbrian
Young’s Seafood today (3 January) announced that a total of 555 jobs could go at recently-acquired rival UK firm Cumbrian Seafoods.

CHINA: Mengniu embroiled in new tainted milk scandal
Chinese dairy processor Mengniu Dairy has admitted producing milk containing excessive levels of a cancer-causing chemical.

UK: Findus asks for debt delay
Findus Group has asked its lenders to delay an assessment of its debts as it looks to integrate its acquisition of Cumbrian Seafoods.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

US: Diamond stocks rise over Einhorn speculation
Stocks in uncertainty-riddled Diamond Foods rose on rumours that investor David Einhorn has acquired a stake in the firm.

UK: Government launches healthy meals campaign
Three UK supermarket chains are offering discounted healthy food as part of a government campaign.

US: Post to revamp marketing, target larger customers
A revamp of Post Holdings’ marketing team and a greater focus on the US cereal maker’s largest retail accounts are among the ways the firm plans to grow its business after it spins off from private-label group Ralcorp Holdings.

UK: Arla plans expansion in Scotland
Arla Foods will build a new depot in Glasgow as part of plans to grow its business in Scotland.

UK: Baxters boss handed drink-drive ban
The chief executive of soup maker Baxters Food Group has been fined GBP600 (US$930) and banned from driving after admitting drinking and getting behind the wheel.