Finnish dairy group Valio is opening talks over potential head office job cuts as a consequence of lost revenue from Russia’s import restrictions.
“The need to adapt is a direct consequence of Russia’s import embargo, the collapse in world market prices for industrial products, and Finland’s weaker consumer purchasing power,” the company said today (1 October).
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The negotiations concern around 780 people. Structural reorganisation may lead to personnel reductions “equivalent to 140-210 man-years”, Valio added.
A spokesperson for the group told just-food manufacturing staff were not part of the proposed cuts. “All the business and support functions at head quarters are involved, no production plants or storage [facilities] at this time,” the spokesperson said.
