FINLAND: HKScan confirms 123 job cuts
By Katy Askew | 6 March 2013
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HKScan confirms layoffs |
HKScan has confirmed that it will shed 123 jobs at its Finnish operations as part of its restructuring initiative.
The group said that 49 of the job losses will come through permanent layoffs, the remainder will be achieved through retirement and fixed-term contracts.
In a regulatory announcement, the group added that it will be redefining the roles of a further 145 staff, part of its move to improve profitability by taking complexity out of the business.
In Finland, HKScan has taken a number of measures to simplify its corporate structure, including making HK Ruokatalo Oy a wholly owned subsidiary of HKScan Corp and merging HKScan Finland Oy and Ruokatalo Oy.
The changes to staffing will come into force by the end of 2013, with the goal of cutting EUR5m (US$6.5m) in costs annually.
HKScan concludes statutory labour negotiations in Finland
The statutory labour negotiations started in HKScan Group's Finnish functions in January have been concluded. The outcome is that the organisations and responsibility distribution of different functions have been clarified to match the Group's new operating model. Additionally, the roles of HKScan's Finnish production units have been defined and the number of staff has been adjusted to meet the variation in the demand. The staff impact caused by the structural and functional reorganisation of HKScan Corporation, HK Ruokatalo Oy and HK Agri Oy concerns 268 employees in total. According to the original plans, more than 50% of the staff impact can be implemented through changes in job descriptions and responsibilities. The changes concern 145 people in total. The company will cut 123 jobs, of which 49 will be implemented through permanent layoffs. Other reductions can be carried out by retirement or fixed-time arrangements. The measures will mainly be taken by the end of 2013 and the goal is to improve the annual profit by five million euros. According to the strategy, updated in 2012, HKScan will harmonise ways of working and introduce a more compact Group structure in all its home markets. The negotiations launched on 14 January concerned the staff of the Group's parent company, HKScan Corporation, and the staff (with specific limitations) of HK Ruokatalo Oy and its procurement company HK Agri Oy. HKScan has about 2 400 employees in Finland. HKScan Corporation
Original source: HKScan
Sectors: Chilled foods, Meat & poultry
Companies: HKScan
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