Dairy Crest To Close Dairy, Reduce Staffing
Dairy Crest says it hopes to make "significant savings" by closing its Nottingham dairy in an attempt to fight soaring costs.
The site employs 215 people and was bought by Dairy Crest from Express Dairies only two years ago. There will also be job losses at the company's head office it says.
In a trading statement this morning, Dairy Crest said it was making the move to cut costs in its dairies division by opening a new regional distribution centre in the West Midlands.
First half profits are likely to be down as the company battles against soaring input costs such as higher milk prices, packaging and energy.
At 11am BST Tuesday shares in Dairy Crest were almost 5% lower at 388.75p.
The site employs 215 people and was bought by Dairy Crest from Express Dairies only two years ago. There will also be job losses at the company's head office it says.
In a trading statement this morning, Dairy Crest said it was making the move to cut costs in its dairies division by opening a new regional distribution centre in the West Midlands.
First half profits are likely to be down as the company battles against soaring input costs such as higher milk prices, packaging and energy.
At 11am BST Tuesday shares in Dairy Crest were almost 5% lower at 388.75p.