Atria discontinues Lätta Måltider business operations in Sweden
ATRIA PLC COMPANY ANNOUNCEMENT 2 April 2009, 10:00 AM
ATRIA DISCONTINUES LÄTTA MÅLTIDER BUSINESS OPERATIONS IN SWEDEN
Atria begins negotiations to discontinue the loss-making business operations of
the Lätta Måltider unit, which manufactures salads and sandwiches in Sweden.
Last year, the efficiency of the Lätta Måltider unit was improved by cutting
costs and concentrating production. However, these actions did not bring
sufficient earnings improvements, which led to the proposal to close the
business operations.
Atria will evaluate different options for discontinuing the Lätta Måltider
operations. Divestment of the business operations will also be investigated.
Atria aims to discontinue the Lätta Måltider business operations by the end of
July at the latest. Employer-employee negotiations affecting the unit's entire
personnel will begin immediately.
Lätta Måltider has 124 employees, most of them work at the production plant in
Norrköping. The net sales of the Lätta Måltider unit was approximately EUR 25
million in 2008. The unit manufactures a variety of ready-made sandwiches and
packed salads.
For further information, please contact Christer Åberg, Executive Group Vice
President of Atria Scandinavia, tel. +46 70390 6100 or Matti Tikkakoski,
President and CEO of Atria Plc, tel. +358 50 2582.
Atria Plc
Matti Tikkakoski
President and CEO
Distribution
Nasdaq OMX Helsinki Oy
Major media
www.atria.fi