Dairy Producer Dean Foods to Cut 600 to 700 Jobs Due to High Milk Prices

Posted by Brian Gould Tue, 02 Oct 2007 20:34:00 GMT

Dean Foods Co., the nation’s largest dairy producer, said Tuesday that record high milk prices are cutting into profits, and the company plans to cut 600 to 700 jobs.

The company lowered its profit expectations for the third quarter and all of 2007. Dean expects to take a restructuring charge in the third quarter for the job cuts, but it didn’t provide a dollar figure.