Finland-based food group Raisio has announced an “interim decision” in its talks with staff over job cuts.

In January, the Benecol owner announced talks with 115 employees over the cuts and at the time said “an initial estimate” of the losses needed was 30.

Raisio said yesterday (22 March) the negotiations had “largely been completed”.

“At this point, it was decided that a total of 20 employments will be terminated. The terminations will be carried out through retirements, voluntary arrangements and redundancies, and partly through the termination of fixed-term employment contracts,” the company said.

However, the group added: “Raisio’s initial estimate of the reduction need was 30 jobs and it is expected to take place gradually. Once Raisio has completed the negotiations related to the possible divestment of its feed businesses announced at the end of 2018, it will also be possible to close the cooperation negotiations in terms of employments closely related to Raisioagro.”

Asked if the number of jobs to be cut could rise from 20 to the initial estimate of 30 once the feed unit is sold, a Raisio spokesperson said: “That will be seen and depends who is the possible new owner of the feed businesses.”

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.