March 31 - Raisio initiated mandatory codetermination talks for reasons of production and the economy to adapt its vegetable oil production to the market situation.
The talks have now been completed. Raisio will lay off the staff at its oil milling plant for a maximum of 90 days. The talks concerned 31 people, and the lay-offs will commence in May 2009. The personnel will be offered temporary posts during annual holidays in Raisio’s other businesses whenever possible.
The effects of the global economic crisis can be seen in the oil milling business as a weakening of demand for rapeseed oil and its resultant a weakening in profitability. Raisio reacts to the situation by adjusting its vegetable oil production.