HKScan reports on completion of statutory negotiations in all markets.

NORDIC BUSINESS REPORT-May 7, 2019-HKScan reports on completion of statutory negotiations in all markets

(C)2019 M2 COMMUNICATIONS http://www.m2.com

HKScan Oyj (HEL: HKSAV), a Nordic meat and meals company, announced on Monday that it has completed statutory negotiations with all white-collar employees and management in all markets.

The company said that in February 2019, it initiated statutory negotiations that affected all white-collar employees and management in all operating countries, as part of a programme to boost operational efficiency. Negotiations followed the legal requirements of each country. The statutory negotiations for Finland were completed in April 2019.

In total, HKScan has reduced its headcount by 183 employees in all markets, including the Swedish headcount reduction of 69.

According to the company, the headcount reduction will be implemented by terminating fixed-term and permanent employment...

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