Dean Foods announced that it will eliminate 350 to 400 jobs within the company, according to the Dallas Business Journal. That is in additional to 150 employees already laid off this year. The cuts are part of a company restructuring that will add up to $25 million in savings each year.
"The cost reduction strategy we have been pursuing is our single most important area of focus," said company CEO Gregg Engles. "We have discussed goals of $90 million in cost savings in 2010 and $300 million over three to five years. It's now clear that we have to be much more aggressive in both the timing and magnitude of our efforts."
Dean Foods is seeking to boost efficiency in its production, distribution, sales, and administrative sectors.