:. Food Industry News


Ireland: Glanbia Says to Cut 210 Jobs to Reduce Costs

Source: Reuters
11/02/2009

Dublin, Feb 10 - Food group Glanbia is planning to cut 210 jobs in Ireland as a part of a previously announced 16 million-euro cost reduction programme, it said on Tuesday.

Daily News Alerts

The 210 jobs include 50 redundancies in Dublin, flagged last month, and 40 in the south of Ireland announced last year, a spokeswoman said. "It's a cumulative figure," she said.

Glanbia, which describes itself as Europe's biggest supplier of mozzarella cheese for pizzas, has also put in place a ban on recruitment, halted non-essential capital expenditure and cut salaries of board members and Managing Director John Moloney, she said.

Jobless claims in Ireland hit a record high in January as a deepening recession spread from construction across the economy after the sudden end of its "Celtic Tiger" boom.

A series of companies that played a central role in the boom have already announced redundancies this year, including Dell, the world's No. 2 PC maker and Swedish telecoms equipment maker Ericsson, while tableware maker Waterford Wedgwood called in receivers in January.

Bank and insurance group Irish Life & Permanent said on Monday it would cancel bonuses for 160 senior managers and keep all managers' pay at 2008 levels this year due to the recession.



GO   View more articles on this subject


More Alerts from 11/02/2009


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Glanbia PLC: Interim Management Statement - Outcome...
Glanbia: 2009 Half Yearly Financial Report
Glanbia Keeps Guidance, Sees Limited Dairy
Burgers and Pizza to Swell Glanbia in 2010
Glanbia Interim Management Statement
Glanbia Warns on Profits; Shares Drop
Irish Farmers Protest at Glanbia Milk Price Cuts
Glanbia and JV Partners Announce Further USD 90 Mln...
Glanbia to Expand in U.S., No Big Acquisitions
Glanbia 2008 Profit Up 19 pct, Sees Slower Growth

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228