RAISIO TO CLOSE TWO MILLS IN NOKIA
Raisio plc Stock Exchange Release, 3 October 2007
RAISIO TO CLOSE TWO MILLS IN NOKIA
Raisio's codetermination talks which were initiated in late June and focused on
adjusting the production of the wheat, rye and oat mills in Nokia to the current
market situation, have been concluded. As a result of the talks, the wheat and
rye mills will be closed down. The oat mill will continue to operate in Nokia.
The close-down of the two mills will cut 27 jobs. Raisio will employ 45 people
in the oat mill and related operations. The adjustment of production at the
Nokia mills is expected to lead to total annual savings of some EUR 2.0 million.
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 and +358 400 830 727
Vesa Kurula, Vice President, Operations, tel. +358 2 443 3131 and
+358 400 478 169
Distribution:
OMX Nordic Exchange, Helsinki
Key media
www.raisio.com