Meat processor Swedish Meats has announced plans to cut 400 jobs, or 8.5% of its workforce, in a bid to cut costs and improve profitability.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The farmer-owned Stockholm-based company said the job cuts were part of a SEK94m (US$12.1m) cost cutting plan aimed at boosting profits by SEK350m by 2006, reported the Associated Press.
Swedish Meats, which owns the Scan brand, has annual sales of SEK9.2bn.
