Danish Crown advances plant shutdown

Danish Crown is expediting the shutdown of its Ringsted slaughterhouse due to even fewer available slaughter pigs than expected. Production will be shifted to its other three facilities, which have sufficient capacity. The last pig at Ringsted will be slaughtered on August 14th, an earlier date than planned. The company previously announced the closure in April after enduring economic difficulties. Last year, the closure of its Sæby slaughterhouse resulted in hundreds of job losses. With the Ringsted shutdown, another 1200 positions will be terminated. This strategy results from a reduction in the number of slaughtered pigs over the last two years, impacting the efficacy of Danish slaughter operations. The company aims to adjust capacity to precisely match the number of pigs supplied by shareholders. Danish Crown’s earnings in the 2022/2023 fiscal year fell despite increased turnover, signaling economic challenges.