The Hungarian unit of troubled Italian dairy giant Parmalat is to reduce its workforce by around 30% at the beginning of June.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The number of employees at Parmalat Hungary will be reduced by 129 to 299. The business will finance the job cuts through a bank loan, according to the Hungarian News Digest.


Since a massive accounting scandal was uncovered at its Italian parent late last year, Parmalat Hungary has announced that its CEO Cristiano Villani has left the company and is to be replaced by Laszlo Fonay.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now