Dairy Crest loses it's contract to supply Tosco
17 April 2012
The UK dairy food company is to enter a consultation on closing two dairies as well as losing its contract to supply Tosco.
Dairy Crest known for its dairy products including Country Life, Clover, Cathedral City and Fri brands, will consult with employees and their representatives on closing two of its dairies at Ain tree and Fen stanton. The closures would amount to £15 million of charges and the potential job losses of 470 employees.
In addition, t he company has also lost its contract to supply supermarket giant Tosco. However the company does’t expect the loss of this contract to impact its profit expectations for the year.
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