Glanbia to cut more workers

GLANBIA has no plans to increase the price it pays for milk as it prepares for more jobs cuts following what it called a difficult six months.

The Kilkenny-based food group yesterday reported a 28% drop to €38 million in pre-tax profits for the six months to the end of June.

Having sought 210 redundancies as part of its cost-saving programme in February, the company said there will be “some” job cuts going forward but refused to give an estimate.