Tirlán confirms cost reduction programme to position Co-op for future growth

Tirlán has confirmed that it is launching a cost reduction programme to enhance its long-term competitiveness. Following a thorough review process, the programme aims to achieve cost savings throughout the business.

A combination of factors requires the Co-op to proactively manage its cost base. These include rising costs in areas such as energy, interest rates, wages and environmental compliance as well as a decline in milk supply volumes. 

In order to secure cost savings, Tirlán has made the difficult but necessary decision to offer a voluntary redundancy scheme across the organisation. It is expected that approximately 150 roles may be impacted. 

Milk processing capabilities will remain unchanged, and Tirlán will retain the ability to increase milk processing capacity if there are changes in milk supply dynamics. 

The cost savings achieved through this programme will position Tirlán strongly against future challenges and allow continued focus on product innovation and growth in value-added products. 

First Published 20 June 2024