Danish Crown announces 800 job cuts as part of restructuring plan.

Danish Crown announced on Monday (1st) that it will eliminate approximately 800 administrative jobs over the next two to three years as part of a restructuring process. The cut represents approximately 6% of the company's total workforce. The measure comes amid challenges faced by the company in the European meat market. In May, Danish Crown had already warned that competition for a dwindling number of cattle in Germany and Denmark, coupled with weaker demand, was putting pressure on profit margins in the beef segment. According to the company, the plan aims to adapt the operational structure to a more competitive and costly business environment. "Competition in the global food market is intense, and our shareholders are facing difficult times due to the level of prices," said the company's CEO, Niels Ulrich Duedahl, in a statement. Danish Crown is one of the largest companies in the animal protein sector in Europe and is among Denmark's leading meat exporters.

This text was translated by machine from Brazilian Portuguese.