EMCC European Monitoring Centre on Change

Oriola

Company/Organisation:
Oriola

Geographic Location

Country: European Union
Location of affected unit(s): Finland, Sweden

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.46 - Wholesale of pharmaceutical goods
Number Employed: 4300

Employment Effects

Announcement Date: 04-10-2021
Planned Job Reductions min: 130
Type of Restructuring: Internal restructuring
Employment Effect Start: 04-10-2021

Additional Information

Finnish pharmaceutical and healthcare products distributor Oriola announced its plan to cut up to 130 jobs in Europe. The programme’s aim is to reorganise and streamline the company’s organisation as well as to improve its profitability.

The company has started employer-employee negotiations, that will cover approximately 600 employees in Finland and Sweden. Production employees in distribution and dose-dispensing businesses, staffing services employees in Finland and pharmacy employees in Sweden will be not affected by the programme.

According to the company, the envisaged reduction of up to 130 jobs would generate annual cost savings of at least €7 million.

Being active for more than 100 years, Oriola provides health and wellbeing products across Finland and Sweden. Currently, the company employs 4,300 people across these countries.

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