Atria's collective redundancy consultation completed
Atria Plc Corporate Announcement 26 May 2008 at 10:00 am
Atria's collective redundancy consultation completed The collective redundancy consultation initiated by Atria on 31 March 2008 in order to reorganise Finnish operations has been completed. Atria estimated at the time of commencing the consultation procedure that the reorganisation would mean a reduction of some 170 in the number of personnel. The measures are expected to generate annual cost savings of approximately EUR 4 million. The negotiations related to the restructuring of Atria's Forssa production plant, in Liha-Pouttu Oy's industrial and purchasing operations, as well as in the operations of A-Farmers Ltd and A-Rehu Oy. The operations in Kannus will be closed down and bovine slaughtering and cutting will be transferred from Kannus to Atria's Kauhajoki and Kuopio production plants. Pig slaughtering and cutting will be transferred to Atria's Nurmo plant. The number of personnel in Kannus will be reduced by 99 of which 11 people will be transferred to work in Atria's other production plants. In addition, Liha-Pouttu Oy's meat procurement operations and A-Farmers Ltd's operations will be merged. In these operations, the number of personnel will be reduced by 19 people. The logistics and meat product manufacturing operations of Atria's Forssa production plant will be transferred to Nurmo. Some convenience food and meal production will remain in Forssa. The number of personnel in Forssa will be reduced by 66 people of which one people will be transferred to work in other production plants. The negotiations concluded to reduce the number of employees by a total of 184. A total of 15 people transferred to work at Atria's other production plants, and pension arrangements have been agreed with 26 employees. The net reduction in personnel is approximately 170. The measures with personnel effects will be implemented by the end of the year. The negotiations reached an agreement about the protection that will be given to employees in the event of dismissal. For more information, please contact Mr Juha Gröhn, Managing Director of Atria Finland Ltd, tel. +358 400 684 224. ATRIA PLC Matti Tikkakoski President and CEO DISTRIBUTION: Helsinki Stock Exchange Principal media www.atria.fi