COPENHAGEN — A major European dairy co-operative says that currency swings caused by Brexit are among the reasons it has to cut costs by over 400 million euros ($495 million) over the next three years.<\/p>\n
Denmark-based Arla Foods, the maker of Lurpak butter, says “two unexpected developments” — the pound’s drop after Brexit and a shift in commodity prices — are forcing it to act.<\/p>\n
CEO Peder Tuborgh says the savings program is “to the benefit of its farmer-owners and further strengthen the company’s investment capability.”<\/p>\n
Tuborgh said savings include changing work routines, trimming bureaucracy and cutting costs.<\/p>\n
The co-operative is owned by farmers in Denmark, Sweden, Britain, Germany, the Netherlands and Belgium. It employs some 19,000 people.<\/p>\n","protected":false},"excerpt":{"rendered":"
COPENHAGEN — A major European dairy co-operative says that currency swings caused by Brexit are among the reasons it has to cut costs by over 400 million euros ($495 million) over the next three years. Denmark-based Arla Foods, the maker of Lurpak butter, says “two unexpected developments” — the pound’s drop after Brexit and a […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6399"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6399"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6399\/revisions"}],"predecessor-version":[{"id":6400,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6399\/revisions\/6400"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}