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Atria to Close Lätta Måltider in Sweden

by 5m Editor
2 April 2009, at 11:23am

FINLAND - Finnish pig meat and food processing company Atria has started negotiations to discontinue the loss-making business operations of the Lätta Måltider unit, which manufactures salads and sandwiches in Sweden.

Last year, the efficiency of the Lätta Måltider unit was improved by cutting costs and concentrating production.

However, these actions did not bring sufficient earnings improvements, which led to the proposal to close the business operations.

Atria will evaluate different options for discontinuing the Lätta Måltider operations.

Divestment of the business operations will also be investigated.

Atria aims to discontinue the Lätta Måltider business operations by the end of July at the latest.

Employer-employee negotiations affecting the unit's entire personnel will begin immediately.

Lätta Måltider has 124 employees, most of them work at the production plant in Norrköping. The net sales of the Lätta Måltider unit was approximately € 25 million in 2008. The unit manufactures a variety of ready-made sandwiches and packed salads.

Meanwhile, Atria has given notice to its shareholders that the Annual General Meeting will be held on 29 April in Helsinki.