The proposed merger between Express Dairies and Arla UK could lead to numerous jobs losses.
Although not able to give a precise figure, Express Dairies CEO Neil Davidson said the merger could result in job cuts of “a number of hundreds”, reported BBC News Online.
The merged company is likely to review its administrative operations as well as its manufacturing operations.
The planned merger is awaiting approval by the Office of Fair Trading after parts of the deal were referred there by the European Commission.
Last week Express Dairies posted a 23.5% rise in full-year pretax profit before exceptional items and goodwill amortisation.
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.
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