Wednesday November 27, 2024

HKScan sheds 74 jobs in Finland

Published : 03 Apr 2019, 19:29

  DF Report
Photo by HKScan.

Nordic meat and meals company HKScan on Wednesday announced that it will reduce its headcount in Finland by 74 employees.

The headcount reduction will be implemented by terminating fixed-term and permanent employment contracts and through retirement arrangements, said the company in a press release.

In February 2019, HKScan initiated the Group-wide statutory negotiations affecting all white collar employees and management as part of a programme to boost operational efficiency.

Negotiations are still ongoing in other countries following the legal requirements of each country. When Group-wide negotiations are completed, HKScan will make an announcement regarding the potential outcomes and impacts on personnel in all operating countries.

As announced in an earlier stock exchange release dated 6.2.2019, HKScan plans to implement measures to achieve a Group-wide annual saving totaling EUR 10 million. Finland’s headcount reduction will account for a share of this targeted cost cut. The savings are expected to materialise on a phased basis starting in Q4 2019, gradually taking full effect at the beginning of 2020.

“We plan to work hard and focus our efforts on improving our financial situation. During the recent negotiations, we were pleased to hear useful ideas from our personnel for clarifying the roles and responsibilities in the organization and improving our future performance. We will put those ideas to work in our forthcoming systematic efforts to improve our efficiency and competitiveness,” said HKScan CEO Tero Hemmilä.