Tirlán today announced a cost reduction programme, including a voluntary redundancy scheme, which could impact up to 150 jobs.
The farmer-owned dairy-and-grain cooperative announced the measures as a way to ‘enhance its long-term competitiveness.’
It noted that factors such as the rising costs of energy and wages and increasing interest rates required the co-op to decide on cost-saving changes.
Tirlán also mentioned environmental compliance and a decline in milk supply volumes as impacting the decision.
The company noted in a statement, ‘In order to secure cost savings, Tirlán has made the difficult but necessary decision to offer a voluntary redundancy scheme across the organisation.
‘It is expected that approximately 150 roles may be impacted.’
In April, Tirlán reported that profits went down by 5% in 2023, while total turnover saw a 17% decrease, compared to the previous year.
Chairperson John Murphy said at the time, “The challenges faced by both the sector and farmers last year were unprecedented.”
In today’s statement, Tirlán noted that the new measures will put the organisation in a strong position against future challenges.
The programme will also allow for a continued focus on product innovation and growth in value-added products.
Tirlán noted in the statement that its milk-processing capabilities ‘will remain unchanged’.
It noted that it will be able to increase its milk-processing capacity ‘if there are changes in milk supply dynamics’.
Read More: Tirlán Profits Down By 5% In 2023 Results
