Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The meat processing company HKScan is planning job reductions in the poultry business in its unit in Rauma, Finland. The company has started statutory cooperation negotiations covering 600 employees. The negotiations concerns both blue-collar workers and white collar-workers in the maintenance organisation. The outcome of the negotiations will determine the final number of lay offs, but currently the company plans a maximum of 210 employees being affected by either termination of contracts or significant changes in contractual terms.
The company has undergone changes to improve the efficiency of the poultry business since 2020 but declares in their press release to be close to the set target.
HKScan is a multinational company with operations in Finland, Sweden, Denmark and the Baltics. Company headquarters are located in Turku, Finland. At the end of 2020, the company has 2,375 employees in Finland. HKScan recently expanded its operations in Estonia.
Previous restructuring was recorded in the ERM database in 2018, with 165 job cuts (HKScan-2018-FI).
Updated, 1/8/2022: HKScan has concluded the cooperation negotiations encompassing 600 staff. As a result, 55 persons will be dismissed at HKScan's Rauma unit and substantial changes in the terms of employment will affect 105 jobs. The employment effects will take place in August-September after the summer holidays.
Eurofound (2022), HKScan, Internal restructuring in Finland, factsheet number 106791, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106791.
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