HKScan Corporation                 Stock exchange release        1 October 2014, 10:00 am


HKScan concludes statutory employee negotiations in Finland

On 30 September 2014, HKScan Corporation and HKScan Finland Oy concluded statutory negotiations among white-collar office and managerial personnel based in Finland. The negotiations involved close to 400 employees.

To improve profitability, HKScan is working to boost its operational efficiency and harmonize and consolidate its organizational structure. Through forthcoming restructuring, HKScan plans to reduce costs, increase efficiency and anchor a more business-driven way of working in the organization.

The changes will affect a total of 68 employees. Certain positions will be terminated; others will involve changes in roles, responsibilities or terms of employment. The headcount reduction will amount to 51.5 full-time equivalents (FTEs). The Group plans to achieve part of these reductions through retirement and part-time employment arrangements.

Most of the above changes will be completed by the end of 2014, targeting an annual cost saving in the order of EUR 4 million. HKScan currently has approximately 2 800 employees based in Finland.


HKScan Corporation

Hannu Kottonen


For further information:

Samuli Eskola, Executive Vice President, Consumer Business, Finland and Baltics, HKScan Group
Hannu Kottonen, CEO, HKScan Group

Kindly submit a callback request via:
Marja Siltala
, VP Communications, Market Area Finland,, tel. +358 10 570 2290
Marja-Leena Dahlskog, SVP Communications,, tel. +358 10 570 2142


HKScan is the leading Nordic meat expert. We sell, market and produce high-quality, responsibly-produced pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names. Our customers are the retail, food service, industrial and export sectors, and our home markets comprise Finland, Sweden, Denmark and the Baltics. We export to close to 50 countries. HKScan’s net sales total EUR 2.1 billion and we have some 7 700 employees, making us one of the Europe’s leading meat companies.


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