HKScan has announced it is to make job cuts as it plans to restructure its domestic business.

The Finland-based meat group estimated “no more than” 75 management-level and office staff would be affected. The firm’s head office employs approximately 400 staff.

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The planned restructure aims to achieve an annual profit improvement of approximately EUR4m (US$5.3m).

“Tough competition in the Finnish meat industry, combined with the impact of export challenges, has had a tangible adverse impact on HKScan Group’s financial performance,” the firm said. 

The process will start on Monday (11 August) and is expected to last between six and eight weeks.

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In the last 18 months, HKScan has made a series of restructuring moves to simplify its businesses in Finland and in overseas markets in order to improve its profitability.

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