Despite 30 redundancies in Kildare, Glanbia are starting a €55m advanced payment scheme

Glanbia have announced that they are going to begin a new advanced payment scheme that will be worth €55 million and aims to support milk and grain suppliers when trading prices are weak.

The marketplace for farmers has been going through a period of ongoing fluctuation in prices and it is hoped that the new scheme will prove to be a cushion to suppliers when the value of milk and grain drops.

The new scheme began in May and will continue until December 2020, and the agribusiness provide €50 million to milk suppliers, while providing a further €5 million to cereal growers.

The move comes less than six weeks after it was announced that 30 people would be made redundant at the Glanbia factory in Ballitore. There were a total of 85 people employed at the milk packaging facility, but that number was slashed as the company made changes to shift times and rosters.