RAISIO'S CODETERMINATION TALKS CONCLUDED
Raisio plc Stock exchange release 1 October 2007
RAISIO'S CODETERMINATION TALKS CONCLUDED
Raisio's codetermination talks initiated in August have been completed. The
talks involved the Food and Ingredients Divisions, as well as group service
functions. The talks will lead to the termination of 18 white-collar jobs and
the reduction of 9 jobs through natural redundancy.
The completed talks are a part of Raisio's process to enhance and clarify its
business operations in order to improve profitability. The personnel reductions
are estimated to generate annual savings of some EUR 2 million. Owing to the
reductions, Raisio will include a cost provision of approximately EUR 1.5
million in the Q3 results for this year.
The codetermination talks at the Nokia mill, which aim to adjust production to
the current market situation, are ongoing.
RAISIO PLC
Heidi Hirvonen
Communications Manager
tel. +358 2 443 2242 or +358 50 567 3060
Further information:
Matti Rihko, CEO, tel. +358 2 443 2716 or +358 400 830 727
Merja Lumme, Vice President, HR, tel. +358 443 2230 or +358 40 528 0448
Distribution:
OMX Nordic Exchange, Helsinki
Key media
www.raisio.com