Food company Tirlán, formerly Glanbia Co-Op, has announced a cost-cutting plan which could result in around 150 voluntary redundancies.
The company said the cost reduction programme is designed to enhance its long-term competitiveness.
“In order to secure cost savings, Tirlán has made the difficult but necessary decision to offer a voluntary redundancy scheme across the organisation,” the company said.
“It is expected that approximately 150 roles may be impacted,” it added.
Tirlán currently employs around 2,370 people.
The company said 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,” the company said.
“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,” it said.
“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,” Tirlán said.