Friesland to close two Hungarian units, boost capacity at remaining dairy
Dutch dairy giant Friesland plans to shut down two of its three dairies in Hungary, and move some capacity from its unit in Slovakia to the remaining dairy from the start of next year, the company announced on Friday.
Shutting down the two dairies will mean the loss of 154 jobs, but Friesland Hungária Zrt will hire 75 more workers at the remaining Hungarian dairy in Debrecen, east Hungary over the course of next year. The measure will not affect Friesland's contracts to buy milk from local producers, the company said.
Friesland is planning to invest Ft 2.5 billion at the Hungarian dairy in the next three years to improve technology and boost capacity.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.