Dairygold ‘cutting jobs to save firm’

DAIRYGOLD’S employees must accept that 500 jobs have to be axed before Christmas.

Unless that happens much deeper job cuts down the line are in prospect, chief executive Jerry Henchy warned yesterday.

Addressing the Labour Relations Committee (LRC) in Mallow attended also by the union representatives, Mr Henchy said the group has no other option but to wield the axe to save costs.