RAISIO NUTRITION CONTINUES TO IMPROVE IT
Raisio Group plc Stock Exchange Release
14 October, 2003 at 10.00 Finnish time
RAISIO NUTRITION CONTINUES TO IMPROVE ITS EFFICIENCY
The measures taken so far to improve the operational efficiency of
Raisio Group subsidiary Raisio Nutrition have proven not to be
sufficient in current market and competitive situation.
To improve the profitability Raisio Nutrition starts
codetermination talks at many of its operations. It strives to
eliminate overlapping functions and reallocates the resources
according to the customer needs and the new organisational
structure. Simultaneously, Raisio Nutrition adjusts operations to
present demand levels and strengthens its competitive edge. The
need for personnel reduction is estimated to approximately 40.
RAISIO GROUP PLC
Taru Narvanmaa
Executive Vice President, Communications and Investor Relations
tel. +358 2 443 2240 and +358 50 590 9398
Further details:
Olavi Kuusela, President, Raisio Nutrition
tel. +358 50 502 4995
Distribution:
Helsinki Exchanges
Main media