Danish Crown

Type
Internal restructuring
Country
Denmark
Region
Danmark; Midtjylland;
Location of affected unit(s)
Randers, Aabenraa, Aalborg, Blans, Esbjerg, Herning, Holsted, Horsens, Kolding, Låsby, Rønne, Sdr Felding, Skærbæk, Svenstrup, Thorning, Vejle
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.1 - Processing and preserving of meat and production of meat products
10.11 - Processing and preserving of meat, except of poultry meat
278 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2024
Employment effect (start)
11 October 2024
Foreseen end date

Description

Danish Crown is undergoing a major restructuring, resulting in the elimination of 500 administrative positions, primarily in Denmark.

This follows an earlier round of layoffs in April 2024, where 1,200 employees were let go due to the closure of the Ringsted slaughterhouse. The company aims to reduce annual costs by 500 million DKK through these measures. CEO Niels Duedahl emphasizes the necessity of these cuts to restore financial health at the company. Additionally, Danish Crown faces pressure from shareholders and competition from Tican.

The previous closeure of the Ringsted slaughterhouse can be found here: Danish Crown-2024-DK

Sources

Citation

Eurofound (2024), Danish Crown, Internal restructuring in Denmark, factsheet number 201730, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201730.