Danish Crown ends cooperation with Executive Vice President
Jens Peter Clausen resigns with immediate effect. Group CEO Niels Ulrich Duedahl takes over management until a new Executive Vice President is found.
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Danish meat processing company
danishcrown.comLast updated
In short: Danish Crown restructured its global operations to address a severe earnings crisis, resulting in 800 job cuts and several leadership changes.
Jens Peter Clausen resigns with immediate effect. Group CEO Niels Ulrich Duedahl takes over management until a new Executive Vice President is found.
The new structure centralizes functions and is expected to save 500 million kroner over two to three years.
African swine fever and supply pressure squeeze the market, but competitiveness improves.
The investment in new machines for frikadeller will gradually move the production. The factory closes in 2028, and most of the 140 employees are offered new positions internally.
After weeks of historically low prices, the cooperative-owned slaughterhouse conglomerate now maintains its historically low settlement price.
The quotation falls by a further 20 øre to 6.90 kroner. Danish Crown continues to describe the market situation as serious, while about 245,000 pigs must be postponed to next week.
A few weeks ago, the price was reduced to 7.3 kroner, which was a bottom level at the time. According to Danish Crown, the European market is under great...
There are no signs that the balance between supply and demand for pork will be restored for now, says Danish Crown. The supply of pork in...
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