Manufacture of food products, beverages and tobacco products
10 - Manufacture of food products
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Foreseen End Date:
Orkla Foods will reduce its staff by 1000 people, i.e. 15 % of its workforce. According to the CEO of the company, a cost-reduction plan needs to be implemented as a consequence of the increased competition, which results from the development of low-price food shops in Scandinavia and the enlargement of the EU toward Eastern Europe. 500 jobs will be cut in the Nordic countries and another 500 jobs in third countries.