After successfully collaborating on several projects, Arla Foods and DMK Group are set to merge — creating a global dairy powerhouse.
“Our merger brings together more than 12,000 farmers and we aim to become one joint cooperative that will achieve a combined pro forma revenue of 19 billion euros [more than CAD$29 billion],” the companies said in a joint news release.
“With this move, we progress towards creating the future of dairy, enhancing nutritious, high-quality dairy production and innovation in Europe and globally, while securing a strong milk price for our owners.”
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If the merger secures the necessary regulatory approvals, the combined entity will carry the Arla name.
As the two companies prepare to join forces, here are a few things that non-unionized employees in Canada need to be aware of.
Canadian employees at Arla Foods and DMK Group will become workers of the combined company by operation of law — unless a specific agreement states otherwise.
If you lose your job before or after the merger, contact an experienced employment lawyer at Samfiru Tumarkin LLP. We can help you secure the severance pay you...
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