Arla Foods announced its plan to cut down 500 jobs in its global business. A company spokesperson said that the decision came after reviewing a “dramatically changing global dairy market.” The farmer owned dairy company with headquarters in Leeds said that the locations for its job cuts could not be revealed at the moment. Arla has its major market in UK, where around a fifth of its workforce are employed. Apart from the job cuts the entire top management of Arla is expected to be changed.
Tomas Pietrangeli would become the UK operations leader taking over from Peter Giørtz-Carlsen who would become the company’s European chief. Pietrangeli, who joined the dairy company two years back has fair amount of experience working with various FMCG brands including Procter & Gamble, Unibrew and Reckitt Benckiser. Pietrangeli joined the company as the head of its Danish operations.
Arla said it plans to grow income by 4 percent every year by 2020. Arla UK has about 3,500 workforce and a turnover of £2.3bn. To achieve the income expectations, Arla unveiled its Good Growth Strategy 2020 last year. Peter Giørtz-Carlsen, executive vice president, Arla Foods UK said: “This strategic reorganization will allow our UK business to become more agile and responsive to the dynamic nature of the market.