CODETERMINATION TALKS AT RAISIO MARGARINE PLANT IN FINLAND CONCLUDED
Raisio Group plc Stock Exchange Release 22 March 2005 at 2 p.m. Finnish time
CODETERMINATION TALKS AT RAISIO MARGARINE PLANT IN FINLAND CONCLUDED
Raisio has concluded the codetermination talks which started early February in
Raisio in order to further improve the efficiency of margarine production. As a
result of the negotiations, a reduction of 17 employees will take place and some
reorganisations will be carried out. In addition, 5 jobs will be cut through
pension arrangements. Raisio is going to start, according to the principles
agreed in the negotiations, arrangements to support relocation of personnel
losing their jobs. After the reduction the Raisio margarine plant will employ
some 110 people.
RAISIO GROUP PLC
Taru Narvanmaa
Executive Vice President, Communications and IR
tel. +358 2 443 2240 or +358 50 590 9398
Further information
Olavi Kuusela, Executive Vice President, Raisio Nutrition
Tel. +358 50 502 4995
Distribution:
Helsinki Stock Exchange
Central media
www.raisiogroup.com