Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

200 jobs
Number of planned job losses
Job loss
Announcement Date
9 April 2010
Employment effect (start)
Foreseen end date

Description

Food company HKScan plans to reduce 200 jobs in Finland at its Ruokatalo business due to weaker results than were forecast.

According to HKScan the basic reason for business difficulties is increased price competition before the EU poultry directive change which comes into force in May and decreasing demand for pork and beef.


Sources

Citation

Eurofound (2010), Ruokatalo, Internal restructuring in Finland, factsheet number 70418, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70418.