Finnish meat processor HKScan is to make office staff savings of €4 million in Finland.
The company that has processing interests around the Baltic is to start talks with its workers in Finland over restructuring of the company.
The restructuring process is expected to be completed by the end of 2014.
The company said that tough competition in the Finnish meat industry, combined with the impact of export challenges, has had a tangible adverse impact on HKScan Group’s financial performance.
The company has shown a loss this year to date.
HKScan said it plans to continue to harmonising its organisation and consolidating its structure in order to improve profitability in Finland.
With the planned restructuring, HKScan aims to reduce costs, improve operational efficiency and anchor a more business-driven way of working.
The statutory negotiations and the planned restructuring process will impact the majority of HKScan Group’s office and managerial personnel in Finland – about 400 employees.
The company said it expects to see no more than 75 office or managerial employees axed.
The negotiations started this week and are expected to go on for six to eight weeks.
HKScan currently has on average roughly 2,800 employees in Finland.
