Arla cuts costs to keep pace with competition
Arla Foods has indicated it is mulling further efficiency gains having yesterday (15 May) announced 250 job cuts as it restructures its global business.
Arla Foods is to axe 250 jobs after deciding to make a number of structural changes to its global business in a bid to cut costs and "reduce complexity" within the organisation.
Dairy giant Arla Foods said today (23 February) that 2012 profits would be "on par" with last year, when its consumer brands and ingredients divisions boosted earnings.
Dairy giant Arla Foods plans to invest DKK1.88bn (US$333m) this year to increase capacity, improve efficiency and make the company more competitive.