DANISH MEAT PLANTS REACT NERVOUSLY TO SIX PER CENT WAGE RISE
March 1st, 2014
Leading Danish meat processing companies fear that a recently negotiated three-year wage agreement for workers in the industry threatens to erode producers’ already low margins. Major players, such as Danish Crown, can be expected to respond to the 6% wage hike (an average of 2% a year over three years) by pursuing further cost-reduction programmes at plants in Denmark in a bid to maintain margins at existing levels. "The industry had hoped that the wage increase would be a moderate one. The industry has not been listened to, and ultimately this could cost jobs ...
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