Proposal for commencement of co-operation negotiations at Func Food Group Oyj and Func Food Finland Oy

Func Food Group Oyj and Func Food Finland Oy propose to initiate co-operation negotiations in consequence of financial, production-related and reorganizational reasons such asexecuting the company’s strategy and growth plans as well as improving its competitiveness. The negotiations concern the personnel of Func Food Group Oyj and Func Food Finland Oy.

The company has a need to consider the current organizational structure and has drafted an initial plan to adjust the company’s operations and the organization.

Plans to be proposed in order to reorganize the operations and the organization will be handled in the co-operation negotiations. The objective is to simplify the organization and to adjust the organization to meet its current business objectives. Provisionally, the possible adjustments are estimated to concern atmost nine employees.

The co-operation negotiations are scheduled to commence on November 6th 2018 and the negotiation period will be 14 days.

For further information, please contact:

Robin Lybeck, CEO

Telephone: +358 40 735 2464

Email: robin.lybeck@funcfood.com