The US-focused company reported "strong growth" in its health nutrition and dairy nutrition businesses

Siptu is hoping to meet with management and staff to discuss restructuring plans which could result in a number of job losses.

Glanbia sued two suppliers after pieces of wood, bird feathers and shards of metal were found in salt for cheese making.

Glanbia denies it is responsible for the alleged losses and will be seeking an indemnity from a third party which it says is entirely responsible for losses resulting in contaminated feed, the court heard.