Boycott hurts Danes
Danish-Swedish dairy giant Arla Foods say's the ongoing boycott of Danish products in the Middle East had so far cost it between £40m and £50m.
Arla is losing £1m a day.
Arla has also had to send home 170 employees across Denmark due to the impact of the reduced sales.
Arla Foods, one of Europe's biggest dairy companies, normally sells products worth $480m (£272m) a year to the Middle East.
Boycott of Danish firms across the region has reduced the company's sales there to zero in a matter of days.
"We have built up our business in the Middle East countries for 40 years, and have had production in Saudi Arabia for 20 years, and then within five days or so this is all in ruins " Arla spokesman Louis Honore
Nordic firm hit by Arab boycott, The firms said it had to lay off 100 people because of the fall in demand.
Arla is losing £1m a day.
Arla has also had to send home 170 employees across Denmark due to the impact of the reduced sales.
Arla Foods, one of Europe's biggest dairy companies, normally sells products worth $480m (£272m) a year to the Middle East.
Boycott of Danish firms across the region has reduced the company's sales there to zero in a matter of days.
"We have built up our business in the Middle East countries for 40 years, and have had production in Saudi Arabia for 20 years, and then within five days or so this is all in ruins " Arla spokesman Louis Honore
Nordic firm hit by Arab boycott, The firms said it had to lay off 100 people because of the fall in demand.
posted by hrights @ 8:28 AM
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