The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.5 - Manufacture Of Dairy Products
1,800 jobs Number of planned job losses
Announcement Date
12 December 2023
Employment effect (start)
1 January 2024
Foreseen end date
31 December 2025
Description
FrieslandCampina, a Netherlands-based dairy production company, has announced that it will cut 1,800 employees from its global workforce by the end of 2025. In the Netherlands, the layoffs will affect 900 positions.
The restructuring programme is part of the company’s Expedition 2030 programme which aims to achieve annual gross savings of between €400 and €500 million from 2026 onwards. The company said that some of the savings from the restructuring are expected to be concentrated on growth areas, including new, innovative and more sustainable dairy products, while a part of the annual savings will be used to off-set inflation.
The programme will affect positions in nearly every part of the company. The conditions of the programme will be negotiated with employee representatives according to local regulations.
Currently, FrieslandCampina, the world largest cooperative dairy company, employs almost 22,000 people in 30 countries. As of now, there is no further information available on which other locations are affected by the layoffs.
The previous European restructuring event has been recorded in the ERM events database FrieslandCampina-2020-EU. Moreover, the restructuring of FrieslandCampina in the Netherlands has been recorded under FrieslandCampina-2023-NL.
Eurofound (2023), FrieslandCampina, Internal restructuring in World, factsheet number 200637, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200637.
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