Europe's biggest pork producer cuts jobs as supplies decline

 

Reporting by Jacob Gronholt-Pedersen; Editing by Kirsten Donovan, Reuters

September 15, 2022

 

COPENHAGEN, Sept 15 (Reuters) - Europe's biggest pork producer, Danish Crown, said on Thursday it would cut 350 jobs at two factories in Denmark as a result of declining supplies from farmers hit by rising energy and feed prices.

 

The war in Ukraine has resulted in record high prices farmers pay for energy and feed for the pigs, Danish Crown said.

 

"Payments to the farmers have not kept up at the same pace, and therefore the supply of slaughter pigs to Danish Crown has fallen noticeably over the past months," the company said in a statement...

 

more

https://www.reuters.com/business/europes-biggest-pork-producer-cuts-jobs-supplies-decline-2022-09-15/