Dairy producer OK; about right with alternate euros for our other employees (2-7)

I believe the answer is:

co-workers

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'dairy producer ok about right with alternate euros for our' is the definition.
I can't tell whether this defines the answer.

'other employees' is the wordplay.
'other' becomes 'co' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'employees' becomes 'workers' (I've seen this before).
'co'+'workers'='CO-WORKERS'

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I've seen this clue in The Sydney Morning Herald.

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