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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.