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.
Food product company HK Ruokatalo has concluded its personnel negotiations in the poultry product factory in Turku. A total of 155 blue-collar and 12 white-collar jobs will be cut. The negotiations that started in January 2007 concerned 180 blue-collar workers and 12 white-collar workers. For some workers there is a possibility to be employed in some of the other HK Ruokatalo factories in Finland. The company was planning to close its poultry products factory in Turku by the end of year 2007, but the factory will be closed already by the end of October 2007. The target is to focus poultry producion in the Vantaa factory. The head office of HK Ruokatalo that employs 65 employees will still remain in Turku.
About HK Ruokatalo
HK Ruokatalo meat company is operating in Finland, the Baltic States and Poland. The company produces and markets meat products, poultry meat, processed meat products and convenience foods for households, horeca and industry. HK Ruokatalo Group's strength lies in processed pork and poultry products, especially fresh consumer products. One of the company's core business principles is customer satisfaction, which calls for high quality products and service from farm to the table.
HK Ruokatalo Group's turnover for 2005 was 883.3 million EUR. The operating profit was 24.1 million EUR. The group employs about 2,500 employees in Finland, 1,800 in the Baltics and 5,000 in Poland.
Eurofound (2006), HK Ruokatalo, Relocation in Finland, factsheet number 62776, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62776.
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