ATRIA INCORPORATES ITS FUNCTIONS
ATRIA GROUP PLC STOCK EXCHANGE ANNOUNCEMENT 16 MAR. 2004, 10:00
ATRIA INCORPORATES ITS FUNCTIONS
Atria Group pls's Board of Directors has decided to incorporate its functions in
Nurmo. Four companies will be formed from these functions: Atria-Chick Oy
(poultry product manufacture), Atria-Lihavalmiste Oy (meat product manufacture),
Atria-Tuoreliha Oy (packed and cut meat production) and Atria-Valmisruoka Oy
(convenience food manufacture).
Atria Oy, which is responsible for domestic business functions, will own 100% of
the shares outstanding in the companies that will be established. The
incorporation will not result in changes in Atria's organisation or have an
effect on the position of employees. Personnel will transfer into the employ of
the new companies under their current terms of employment.
The arrangements aim to streamline and improve the ease of monitoring these
functions and hone their productivity management. In addition, they aim to
clarify the division of responsibilities to match the new operating model and
ensure the development of expertise.
ATRIA GROUP PLC
Seppo Paatelainen
President
DISTRIBUTION
Helsinki Exchanges
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