FINLAND: Raisio to cut domestic jobs
Finnish food group Raisio is to cut jobs in its domestic market as reshapes the business to lower costs and make it more efficient.
The company said the streamlining would affect 56 staff. Raisio's domestic consumer foods business will have its sales and marketing departments combined, while production will be "adjusted". Talks on how production will be affected are ongoing, Raisio said.
Raisio, which operates an agribusiness in Finland alongside its consumer foods arm, will also lower its production of feed.
The restructuring will boost profits by EUR4m (US$5.2m) a year, the company said today (29 November).
The changes are the latest organisation changes at Raisio. In August, Raisio established two branded divisions, which will run its consumer and licensed products. Raisio's consumer brands include Honey Monster cereal and Fox's confectionery. Its licensed business is, at present, Benecol, on which it works with partners around the world.
