Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Danish Crown shuts China plant, lays off 112 employees
    Finance

    Danish Crown shuts China plant, lays off 112 employees

    Published by Global Banking & Finance Review®

    Posted on February 27, 2025

    1 min read

    Last updated: January 25, 2026

    The featured image illustrates the financial landscape as activist investor 7Square pressures Nuernberger to evaluate rival takeover offers, emphasizing the ongoing competition in the insurance sector.
    Activist investor 7Square urges Nuernberger to explore takeover offers - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilitycorporate strategyemployment opportunities

    Quick Summary

    Danish Crown closed its Pinghu factory in China, laying off 112 employees as part of a strategic restructuring due to poor earnings.

    Danish Crown shuts China plant, lays off 112 employees

    COPENHAGEN (Reuters) -Meat producer Danish Crown said on Thursday it had closed its factory in Pinghu in eastern China following a review and said the plant did not fit into its strategy.

    Danish Crown has undergone significant restructuring in recent years, closing one of its major slaughterhouses in Denmark and announcing last October that it would cut around 500 white-collar jobs.

    The farmer-owned company, one of the world's biggest pork exporters, opened its factory in Pinghu, near Shanghai in 2019 to expand its business in China.

    "It has however never succeeded in generating the expected earnings, even though significant efforts were made during the period to rectify a poor start," the company said in a statement.

    Danish Crown has closed the plant and laid off 112 employees, and has signed a letter of intent to sell the facility, it said.

    (Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom and Terje Solsvik)

    Key Takeaways

    • •Danish Crown closed its Pinghu factory in China.
    • •The closure is part of a strategic restructuring.
    • •112 employees were laid off due to the closure.
    • •The plant failed to generate expected earnings.
    • •A letter of intent to sell the facility was signed.

    Frequently Asked Questions about Danish Crown shuts China plant, lays off 112 employees

    1Why did Danish Crown close its factory in China?

    Danish Crown closed its factory in Pinghu because it did not fit into the company's strategy and had never succeeded in generating the expected earnings.

    2How many employees were laid off due to the factory closure?

    The closure of the Pinghu plant resulted in the layoff of 112 employees.

    3When was the Pinghu factory opened?

    The Pinghu factory was opened in 2019 to expand Danish Crown's business in China.

    4What restructuring has Danish Crown undergone recently?

    Danish Crown has undergone significant restructuring, including closing a major slaughterhouse in Denmark and cutting around 500 white-collar jobs last October.

    5What are Danish Crown's plans for the closed facility?

    Danish Crown has signed a letter of intent to sell the closed facility in Pinghu.

    More from Finance

    Explore more articles in the Finance category

    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    View All Finance Posts
    Previous Finance PostJapanese manufacturing sector union members demand record pay hike in 2025
    Next Finance PostRussia's Sberbank reports record 2024 profit of $18.1 billion