HKScan plans to rationalise its production operations in Finland

HKScan Corporation                      Stock Exchange Release, 25 June 2018, 12:30 EEST

HKScan is planning to rationalise and adjust its production operations in Finland. With the planned measures, the company strives to improve the profitability and competitiveness of its business.

”Our goal is to significantly increase the flexibility and efficiency of our production, thereby strengthening our competitiveness and improving profitability,” says Sami Sivuranta, EVP operations at HKScan.

In connection with the plan, HKScan will initiate statutory negotiations covering the company’s production and logistics personnel in the Vantaa, Forssa, Mikkeli, Paimio and Outokumpu units. The cooperation negotiations do not concern the Rauma unit, which began operations at the end of 2017.

The cooperation negotiations will be carried out in each location. They do not concern the white-collar tasks in production and logistics, nor professional or managerial duties in the aforementioned locations.

According to the employer’s preliminary estimate, the planned actions may upon their realisation result in the termination of 211 employment contracts and cause other potential changes to employment terms. Potential personnel effects and their allotment will be defined in more detail as the negotiations proceed.

HKScan Corporation 

Jari Latvanen President and CEO 

More information

HKScan Media Service Desk tel. +358 10 570 5700 or by e-mail communications@hkscan.com

HKScan is a Nordic meat and meals company. We employ over 7 300 professionals in striving to serve the world´s most demanding consumers, maintaining quality throughout the full chain of operations, From Farm to Fork. HKScan produces, markets and sells high-quality, sustainably produced pork, beef, poultry and lamb products, as well as charcuterie and meals, with strong consumer brands, including HK®, Scan®, Rakvere®, Kariniemen®, Rose®, Pärsons® and Tallegg®. Our customers are the retail, food service, industrial and export sectors, and our home market comprises of Finland, Sweden, Denmark and the Baltics. We export to over 50 countries. In 2017, HKScan had net sales of EUR 1.8 billion, making us one of Europe’s leading meat and meals companies. www.hkscan.com

DISTRIBUTION:

Nasdaq Helsinki

Main media

www.hkscan.com