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Europe's Biggest Pork Producer Cuts Jobs As Supplies Decline

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.

Farmers Payments 

"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.

Over the last two years, Danish Crown has almost constantly had more pigs ready for slaughter than its factories could handle.

"Now the picture looks completely different," it said.

News by Reuters, edited by Donna Ahern, Checkout. For more fresh stories, click here. Click subscribe to sign up for the Checkout print edition.

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