UK, Warwick. The recovery of Tulip Ltd is now three months ahead of schedule – the business has been in profit for some weeks now. Focus now moves to optimisation and competitiveness of the business. The employees at the site in King's Lynn have been informed about proposals which will put 118 jobs at risk.
Last summer, losses increased week by week in Danish Crown's UK subsidiary Tulip Ltd after the loss of major orders to the retail sector. Now, the downward trend is not only reversed, since the beginning of June, Tulip Ltd has actually started making money again on a weekly basis.
Steve Francis has, among other things, chosen to create a more decentralised management structure and has focused heavily on developing even closer relations with the company's customers through extensive and dedicated service. Danish Crown's Group CEO, Jais Valeur, is happy with the progress in Tulip Ltd, but points out that Tulip Ltd still has a long way to go.