 The Jersey Milk Company has reported a loss of almost �1.5m |
Jersey Milk company is to make almost 20% of its workforce redundant. Managing director Kevin Keen said the redundancies were needed if the company was to stay afloat.
He said the job losses would occur across the business.
The company will also no longer produce mini-pots - the milk in small cartons used for hot drinks - claiming they are no longer financially viable.
Business plan
Mr Keen said the redundancies were just one of a number of cost-cutting measures, which will also include the sell-off of part of the company's Five Oaks site.
The proposals are part of Jersey Milk's new business plan.
In February this year, a time limit of 100 days was agreed between dairy farmers and Jersey Milk for a report on cost-cutting plans.
It came after an independent review into Jersey's dairy industry said farmers and the company must cut costs for the industry to survive.
High costs
In March, Jersey Milk reported a loss of almost �1.5m after seeing a massive drop in sales.
Demand for the company's "mini pots", once seen as the saviour of the island's industry, had halved.
There are now only 36 dairy farmers left in Jersey and costs for them are described as "high".
Islanders also do not benefit from the level of subsidies that European Union producers receive.
Mr Keen said the job losses were regrettable and that the decisions were not easy to make, but they were necessary for the company's survival.
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