EMCC European Monitoring Centre on Change

Orkla Foods

Company/Organisation:
Orkla Foods

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10 - Manufacture of food products
Number Employed: 6600
Group: Orkla

Employment Effects

Announcement Date: 30-08-2003
Planned Job Reductions min: 1000
Planned Job Reductions max: 1000
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2004
Direct Dismissals: 1000

Additional Information

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.