Amersfoort-based FrieslandCampina, one of the world’s largest dairy co-ops, has said it will probably trim 150 jobs in the Netherlands, the Financieele Dagblad said, citing an internal company memo.
Other cuts are also possible both domestically and abroad, the FD said.
Last August FrieslandCampina said the number of divisions were to be cut back to four from five. The management board has also been reduced to two with former financial director Hein Schumacher taking over as CEO.
The co-op says it plans to place more emphasis on innovation which will make it react more rapidly to market changes and become more profitable.
FrieslandCampina is known for its brands Campina, Frico, Chocomel, FriescheVlag and Friso. The co-op’s annual revenues top €11bn.