Valio co-operation negotiations completed

The co-operation negotiations with regard to Valio Ltd’s head office operations were completed on 19th November 2014. These negotiations concerned around 760 employees.

As a result of the negotiations, the total personnel reduction is equivalent to 168 man-years. Around 100 employment relationships will be terminated, and the remainder will be implemented through pension and other arrangements. At the start of the negotiations, it was estimated that the decrease in personnel would be equivalent to 140–210 man-years.

The reason for the personnel reductions is the impacts on production and finance caused by the difficult market conditions.