Type
Internal restructuring
Country
Ireland
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.5 - Manufacture Of Dairy Products

150 jobs
Number of planned job losses
Job loss
Announcement Date
20 June 2024
Employment effect (start)
20 June 2024
Foreseen end date

Description

Dairy cooperative Tirlán is to cut 150 jobs in a round of voluntary redundancies as part of a cost saving programme designed to ensure its long term competitiveness.

Tirlán, formerly Glanbia Co-Op, is a farmer-owned dairy and grain co-operative and currently employs around 2,370 people. Turnover at the company declined 17% to just over €2.5bn in 2023 and profits decreased 5% to €68.3m due to lower milk prices and inflationary pressures such as energy, interest rates, wages and environmental compliance.


Sources

Citation

Eurofound (2024), Tirlan, Internal restructuring in Ireland, factsheet number 201346, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201346.