RAISIO ADAPTS ITS VEGETABLE OIL PRODUCTION
Raisio plc Press release 31 March 2009
RAISIO ADAPTS ITS VEGETABLE OIL PRODUCTION
Raisio initiated mandatory codetermination talks for reasons of production and
the economy to adapt its vegetable oil production to the market situation. The
talks have now been completed. Raisio will lay off the staff at its oil milling
plant for a maximum of 90 days. The talks concerned 31 people, and the lay-offs
will commence in May 2009. The personnel will be offered temporary posts during
annual holidays in Raisio's other businesses whenever possible.
The effects of the global economic crisis can be seen in the oil milling
business as a weakening of demand for rapeseed oil and its resultant a weakening
in profitability. Raisio reacts to the situation by adjusting its vegetable oil
production.
RAISIO PLC
Heidi Hirvonen
Communications Manager
tel. +358 50 567 3060
Further information:
Leif Liedes, Vice President, Feed & Malt Division, Raisio plc, tel. +358 50 608
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