A dairy farm in Jõgeva County, central Estonia, will sack 75 of its 100-strong work force and decrease the number of milk farms from five to just one.
In the next six months the company will decrease its dairy cattle herd from 1,300 to 220, local newspaper Vooremaa reported.
Head of the company, Alo Teder, said that the company would have finished with a 600,000-euro loss in 2015 in its current size.
According to Statistics Estonia, the milk procurement price has dropped from 400 euros per ton in February to 250 euros in December. The drop is attributed to Russian sanctions against food imports from EU nations, imposed last summer.
Editor: J.M. Laats