Arla to cut 500 jobs in restructuring operation

Arla will cut 500 jobs globally in a restructuring operation aimed at creating a ‘simpler, more agile organisation’ and also meant to enable the company to deliver on its Good Growth Strategy 2020. The cuts come despite ambitions to grow the business in six global markets and improve revenue growth. As part of its Good Growth Strategy 2020 ambitions, the global dairy business will aim to grow its business in eight global categories and six global markets and hopes to improve organic revenue growth from 2% to 4% cent by 2020. The changes came with Arla and other UK processors facing backlash as heavy price cuts continue to UK dairy farmers. Arla’s business also took a hit in recent days as Tesco confirmed it was switching a significant volume of supply from Arla to Muller. The firm will hold a consultation process with potentially affected parties and the changes are likely to be confirmed by mid-March. For more information click HERE.