Finland-based bakery and candy group Fazer is to merge key units and revamp its international operations in a series of moves that will lead to the loss of 250 jobs.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The business, which has operations across Scandinavia, the Baltic states and Russia, plans to combine its bakery and confectionery arms and create a separate unit for its foodservice subsidiary.


Fazer said its growth in recent years had led to the group consisting of four divisions. Fazer Amica will continue as its foodservice arm, while the three other units – Fazer Bakeries, Fazer Confectionery and Fazer Russia – will be combined into a single bakery and confectionery business.


President Karsten Slotte said that continued development of the business needed “a new operative model”.


“We must tear down the framework of the old organisation in order to build a functioning agile company for tomorrow,” Slotte said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fazer is looking to generate EUR25m (US$35.5m) in cost savings by the middle of 2011.