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Orkla Confectionery & Snacks Finland assessing its manufacturing footprint

To strengthen long-term competitiveness, a review of the overall manufacturing footprint has been initiated at corporate level in Orkla. As part of the overall review, Orkla Confectionery & Snacks Finland Ab is evaluating its snacks and frozen product operations.

At a meeting today, the employees have been informed of the co-determination process covering all personnel on Åland, as well as the sales and marketing personnel in Vantaa, now to be commenced. The employee representatives will play a key role in the coming process.

“At present, Orkla has several factories with comparable technology and production in the Nordics and Baltics. We currently have too much capital tied up in maintenance and the operation of these production facilities. Going forward, we need to direct even more of our resources towards growth and innovations. To ensure our future competitiveness, we need to evaluate the factory network, and we are now starting the evaluation of Orkla Confectionery & Snacks Finland’s factory in Haraldsby,” says Pasi Flinkman, CEO of Orkla Confectionery & Snacks Finland.

The co-determination process will start in week 6, and is expected to take approximately six weeks. After the process has been completed, a recommendation will be submitted to the Board of Directors of Orkla Confectionery & Snacks Finland.

About Orkla Confectionery & Snacks Finland

Orkla Confectionery & Snacks Finland offers Finnish consumers local brands such as Taffel and Anyday snacks, Panda confectionery, Kantolan and Ballerina biscuits and Oolannin frozen food products. In 2014, Orkla Confectionery & Snacks Finland had a turnover of approximately EUR 100 million and about 400 employees.

Orkla Confectionery & Snacks Finland is part of the Norwegian company Orkla, which is the leading supplier of branded consumer goods and concept solutions to the retail, out-of-home and bakery sectors with its main markets in the Nordics and the Baltics. Orkla is listed on the Oslo Stock Exchange and had a group turnover of NOK 30 billion and 13,000 employees in 2014.

Orkla ASA
Oslo, 3 February 2016

Ref.:
Group Director Corporate Communications and Corporate Affairs
Håkon Mageli
Tel.: +47 928 45 828

CEO Orkla Confectionery & Snacks Finland
Pasi Flinkman
Tel.: +358 400 819947