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2007-08-13 12:00:00 CEST 2007-08-13 12:00:00 CEST REGLERAD INFORMATION Raisio - Company AnnouncementRAISIO TO REORGANISE ITS FOOD AND INGREDIENTS DIVISIONSRaisio plc Stock exchange release 13 August 2007 RAISIO TO REORGANISE ITS FOOD AND INGREDIENTS DIVISIONS Raisio continues to streamline and clarify its business operations in order to improve profitability. The measures carried out to date will now be followed by a reorganisation of the Food and Ingredients Divisions. There is also need of enhancement in the group service functions. Raisio will speed up the process to improve profitability. The Food Division's operating result in January-June continued to be in the red, while the turnover of the Ingredients Division didn't grow. The Group will also make its cost structure lighter. Owing to financial and production reasons, Raisio will begin codetermination talks in the Food and Ingredients Divisions and group service functions. The talks will cover some 300 employees, the need for permanent job cuts being approximately 30. The aim of the group's cost cuts is to achieve considerable savings in 2008. In addition to the latest codetermination talks, the previously initiated talks at the Nokia mill, concerning around 70 employees, may lead to the mill being closed down. RAISIO PLC Heidi Hirvonen Communications Manager tel. +358 2 443 2242 or +358 50 567 3060 Further information: Matti Rihko, CEO, tel. +358 2 443 2716 and +358 400 830 727 Merja Lumme, HR Manager, tel. +358 2 443 2230 and +358 40 528 0448 |
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