Finnish food group Raisio has announced plans to restructure and streamline its agricultural arm, Raisioagro, with the loss of 43 jobs at the unit.
The company started employee negotiations at Raisioagro in April. As a result of the talks the production of pig and poultry feeds will cease. The company said it has “less opportunities for profitable business” now due to an increase in capacity in Finland and the development of a “slaughterhouse-driven” model for pork and poultry feed production.
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Raisioagro has therefore decided to focus on its “core competencies” of cattle and fish feeds and plant cultivation.
