Raisio plc, Stock Exchange Release, August 16, 2021 at 14:00 EET
Raisio plc announced an updated strategy for period 2022–2025 in the Stock
Exchange Release published on June 10, 2021. Raisio’s updated strategy is built
on three focus areas: Benecol® and plant stanol ester solutions, plant based
foods, value added oat products for consumers and oat as raw material for
industry. In addition, in the Stock Exchange Release published on August 4,
2021, Raisio plc announced that the way the company operates requires change and
the goal is to flatten the organization and share responsibility more widely.
The needed change requires that the company and the way it operates will be
reorganized. Hence the company will start codetermination negotiations according
the Act on Co-operation within Undertakings due to production-related, financial
and re-organizing grounds. Negotiations concern possible restructuring of
functions and duties, combinations or terminations based on the new way to
operate and in addition the adjustment of the workforce.
Possible effects of the process might lead to the reduction of 20 positions at
the maximum. All white collar and senior white collar employees of all Raisio
Group’s legal entities in Finland and blue collar workers of Raisioaqua Ltd are
in the scope of negotiations. All other blue collar workers are excluded from
the negotiations. In total 234 positions are within negotiations.
Aim is to finish the process during October 2021. At the end of June 2021 Raisio
employed 335 employees in Finland.
Raisio Plc
Further information:
Pekka Kuusniemi, CEO, tel. +358 50 537 3883
Raisio Plc
Raisio’s purpose is to make food which is good for Health, Heart and Earth. Our
growth drivers and focus areas are Benecol® and plant stanol ester solutions,
plant based foods, branded oat products for consumers and oat as raw material
for industry. Our strong brands include for example, Benecol®, Beanit®,
Elovena®, Sunnuntai®, Torino® and Benella®. In our products the focus is on well
-being, health, good taste and responsibility. Raisio's values − courage,
fairness and drive − guide us towards our targets. Raisio’s shares are listed on
Nasdaq Helsinki Ltd. In 2020, the Group’s net sales totaled EUR 234 million and
EBIT was EUR 28 million. Raisio employs about 400 people. www.raisio.com.