Orkla Foods

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
30 August 2003
Employment effect (start)
Foreseen end date
1 December 2004

Description

Orkla Foods will reduce its staff by 1000 people, i.e. 15 % of its workforce. According to the CEO of the company, a cost-reduction plan needs to be implemented as a consequence of the increased competition, which results from the development of low-price food shops in Scandinavia and the enlargement of the EU toward Eastern Europe. 500 jobs will be cut in the Nordic countries and another 500 jobs in third countries.

Sources

  • 16 August 2003: Dagens Nyheter

Citation

Eurofound (2003), Orkla Foods, Internal restructuring in World, factsheet number 59235, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59235.