Dairygold to shed 1,500 jobs as profits nosedive

DAIRYGOLD confirmed yesterday that up to 1,500 jobs will lost in the co-op giant over the next three years.

Profits at the co-op fell from over 25 million to 4m last year

The net job losses in Dairygold will be less than 1,000 and up to 500 more will be lost through outsourcing initiatives and the sale and privatisation of some business units, a company spokesman said.