Drive for efficiency could see up to 70 jobs reduced by ‘attrition’
Cork-based dairy processor Dairygold has reported a slight increase in revenue and profit for 2024 on the back of improved dairy market conditions.
It comes despite a slight reduction to overall milk output alongside lower feed and milk prices.
The State’s third largest milk processor said turnover rose by €10.6 million (0.8 per cent) to €1.43 billion in 2024, following a €254.7 million drop in revenue during 2023 due to market conditions.
Dairygold’s financial performance was described as “satisfactory” by the company.
Operating profit grew at the co-operative to €37.1 million, or 55 per cent, on the €23.9 million made in 2023, though still lagging behind the €40 million profit in 2022.
Chief executive Michael Harte said the company has implemented an increased drive for efficiency in 2025 with an emphasis on “continuous improvement” and automation. This is part of a targeted €14 million in cost efficiency across between 2025 to 2027, with half of the savings aimed for this year, he told The Irish Times.
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