Saturday, December 7, 2013

- We are satisfied that the person will leave the original plan mostly through layoffs. In this way


Margarines and vegetable oils, manufacturing and marketing the Bunge Finland magnesium chloride Oy opened in October co-determination negotiations have been concluded. The company will reduce its staff by about 17 person-years.
Co-determination negotiations magnesium chloride were completed on 13 December. Behind them was a major collaboration and licensing agreements, the end of which reduce the production and sales volume by about a fifth and serious deterioration in the profitability of the company.
The negotiations at the beginning of the reduction need is estimated at approximately 20 person-years. The decrease is mainly laying off production staff shortened work weeks. In addition, seven terminations dismissals, fixed-term employment contracts and other arrangements.
- We are satisfied that the person will leave the original plan mostly through layoffs. In this way we can keep skilled staff in the house, says Bunge Finland's President and CEO Matti Sipilä.
- Our goal is to achieve an annual basis for almost two million in cost savings of these personnel reductions as well as logistics operations and the purchase of our services and the reorganization of production capacity through more efficient magnesium chloride use.
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