Profitability programme for Food Business’s fish products group goes forward
APETIT PLC STOCK EXCHANGE RELEASE 8 October 2014, 10:00 A.M.
The long-term profitability programme affecting the fish products group of the Apetit Group’s Food Business is proceeding to the implementation stage. Under the programme, the business practices and structures of the fish products group’s purchasing, order-delivery chain and sales will be revised in order to achieve better profitability and sustainable competitiveness. The profitability improvement measures are to be carried out in stages by the end of 2015. The aim is to lower the annual operating expenses by approximately EUR 3 million.
The profitability improvement measures will affect the operations of the entire product group. The key measures to be implemented will be optimising the product portfolio, re-evaluating the production structure, and establishing clearer roles for production units. The organisational and operating models will also be altered to support these measures.
As a part of the implementation of the programme, co-determination negotiations affecting the personnel in Finland will be commenced for financial and production-related reasons and in order to reorganise operations. These will affect 121 blue-collar and white-collar positions in the fish products group’s business locations in Kuopio, Helsinki, Kustavi and Turku.
The negotiations will deal with improving the profitability of operations by simplifying the production structure and centralising production at the units in Kuopio and Helsinki. At the same time, Apetit plans to revise fish products group’s organisational structure and operating practises, and the white-collar personnel’s job descriptions to correspond with the fish products group’s new operating model. The changes are estimated to reduce the product group’s personnel need by 10-20 person-workyears.
In addition to the profitability program in its fish product group, Apetit continues to implement the long-term profitability programme also in its fresh product group. The long-term profitability programmes launched this year are expected to have a positive effect on the profitability of the Food Business as of 2015.
APETIT PLC
Veijo Meriläinen
CEO
FURTHER INFORMATION
Veijo Meriläinen, CEO, tel. +358 10 402 00
COPIES TO:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Share
Facebook
Twitter
LinkedIn
Email
