HKScan Oyj - Inside information

HKScan’s operating model under review – Statutory negotiations to begin Group-wide

HKScan Corporation                             Stock exchange release       
8.2.2017         at 8:05 




HKScan’s operating model under review – Statutory negotiations to begin
Group-wide 


As announced earlier today (stock exchange release 8 February, 8.00 am), HKScan
has renewed its Group Leadership Team and is about to initiate a review of the
Group’s operating model. 

As part of this review, the Group plans to embark on a partial re-organization
of its operations. The goal of the review is to renew HKScan’s offering with a
sharper focus on consumers and customers, to improve the efficiency and
transparency of the meat value chain, and to upgrade the productivity of its
internal processes. The strategic aim of these changes is to improve the
company’s profitability and competitiveness and to seek profitable growth on
its home and export markets. 

The review of the company’s operating model will be led by the President and
CEO Jari Latvanen in cooperation with the Group Leadership Team. 


Planned operating model renewal and its potential impact on personnel


The potential impacts on personnel of the planned operating model renewal and
planned efficiency upgrades will be assessed in Group-wide statutory
negotiations that will be carried out in compliance with procedures legally
stipulated in each country. The statutory negotiations will concern
white-collar personnel, senior white-collar personnel and management in all
HKScan countries. The negotiations will not affect blue-collar production
personnel. 

The planned changes are estimated to have potential impacts on existing
contracts and their terms. The estimated possible headcount reduction does not
exceed 150. Possible personnel effects will be discussed in the course of
negotiations. 

HKScan plans to have the new operating model in place as soon as possible,
during the first half of the year. 


HKScan Corporation

Jari Latvanen
President and CEO


For further information:  Jari Latvanen, President and CEO, HKScan Corporation
Kindly submit a call-back request via 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. In 2015, HKScan had net sales of approximately EUR 1.9 billion
and some 7 400 employees. 

DISTRIBUTION: Nasdaq, Helsinki, Key media, www.hkscan.com