Valio Ltd to commence co-operation negotiations concerning its Helsinki operations

Valio Ltd is to commence co-operation negotiations concerning its head office operations in Helsinki due to impacts on production and finance. The need to adapt is a direct consequence of Russia’s import embargo, the collapse in world market prices for industrial products, and Finland’s weaker consumer purchasing power.

The negotiations concern around 780 people. The Helsinki juice plant and warehouse do not fall within the scope of those negotiations. Structural re-organisations may lead to personnel reductions equivalent to 140–210 man-years.

The co-operation negotiations will commence on 8th October 2014 and are expected to last for six weeks.