Big layoffs are coming at Túró Rudi

By: Trademagazin Date: 2023. 12. 15. 11:53

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The Dutch dairy cooperative FrieslandCampina has announced that it will cut 1,800 jobs worldwide over the next two years in order to achieve savings of 200 million euros. The move is being made in order to reduce the company’s costs and increase profitability, and will begin as early as 2024, when 1,200 workers may lose their jobs.

The layoffs affect almost all departments and are part of the cost reduction program planned by the company group. In this context, the company aims to reduce annual costs by 400-500 million euros from 2026. As one of the world’s largest dairy cooperatives, FrieslandCampina sells dairy products and food and pharmaceutical ingredients in more than a hundred countries.

The Hungarian FrieslandCampina Hungária Zrt. produces the Pöttyös brand, Túró Rudi and Milli milk drinks, and as a subsidiary of the corporate group, is also involved in the downsizing plans. The Hungarian interest also maintains a service center (SSC) in Budapest.

Last year, the company employed 22,000 employees in 30 countries, including Hungary. The current layoffs would affect 8 percent of the total workforce. The group had revenue of €14bn last year and the downsizing plans show that the company is forced to adapt to market changes and ongoing challenges in the food industry.