Danish Crown Slashes 800 Jobs in Major Overhaul

Danish Crown is set to eliminate around 800 jobs over the next three years, implementing a broad restructuring initiative. The company aims to create a more integrated group by consolidating central functions across its diverse business units and international operations. This strategic shift involves establishing a simpler organizational structure with reduced management layers. The goal is to achieve greater efficiency and consistency, moving away from country-specific operational differences towards shared standards, systems, and targets. CEO Niels Ulrich Duedahl stated the necessity of operating as one fully integrated group, bringing businesses closer together. This consolidation is projected to yield efficiency improvements estimated at DKr500m. The move follows a period where the company experienced a decline in half-year operating profits, with EBIT more than halving and revenue decreasing.