September 20, 2022

The largest pork producer in Europe reduces employment as supplies fall

Danish Crown, the largest pork producer in Europe, announced on Thursday that it would eliminate 350 jobs at two factories in Denmark due to a decline in supplies from farmers who were negatively impacted by rising energy and feed prices, Reuters reported.

According to Danish Crown, the war in Ukraine has caused farmers to pay energy and swine feed at all-time high prices.

The company stated in a statement that payments to the farmers have not kept up at the same pace, and as a result, the supply of slaughter pigs to Danish Crown has fallen noticeably over the past months.

Danish Crown almost always had more swine ready for slaughter than its factories could handle over the past two years.

The company said now the picture looks entirely different.

-      Reuters