HKScan sheds 183 jobs
06 May 2019, 18:04 ( 5 Months ago) | updated: 07 May 2019, 09:53 ( 5 Months ago)
Meat company HKScan on Monday announced the completion of statutory negotiations which will result in the reduction of 183 employees.
This includes the Swedish headcount reduction of 69, said the company in a press release.
The headcount reduction will be implemented by terminating fixed-term and permanent employment relationships and through retirement arrangements.
In February 2019, HKScan initiated statutory negotiations that affected all white-collar employees and management in all operating countries, as part of a programme to boost the operational efficiency.
With the implemented measures HKScan aims to achieve group-wide annual savings totalling EUR 10 million. The savings are expected to materialise on a phased basis starting in Q4 of 2019 and take the full effect at the beginning of 2020.
“Our resolute focus is on strengthening our financial situation. As a result of the group-wide negotiations, the roles and responsibilities in the organisation will be clarified and cost competitiveness will be improved. We will utilise the ideas received from our employees to improve our operations in the future,” said HKScan CEO TeroHemmilä.