February 1, 2017
Westland Milk Products: Roles review part of bigger efficiency drive
Westland Milk Products announced that it is conducting a further review of staff roles throughout Westland Group, specifically the entities of Westland Milk Products, Westland Shanghai and EasiYo.
The review is part of an overall programme to gain efficiencies and reduce costs to help restore the company to an industry competitive position and provide shareholders with sustainable returns.
Westland chief executive Toni Brendish says: "Current payout predictions, while higher than for the last two seasons, are still not where our shareholders need them to be and, for some, will still not be sustainable. We need to get our group back to returning top value to shareholders."
The review is likely to result in some staff redundancies but Brendish comments that she will not speculate the numbers and positions that might be affected until the completion of the review. The review is scheduled for completion by the end of February.
"Westland Group has the capital investment, technical expertise, quality products and resources to recover from last year's loss and get back to paying shareholders a competitive payout," Brendish adds. "But our current structure, including staff roles, is not set up in the best way to deliver the results we want to achieve."
- Westland Milk Products