• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • GICA
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • GICA
  • CONTACT
1 MIN READ

Finland: Fazer Group to close two factories

July 8, 2014
-
Europe, Food

Finnish bakery company Fazer Group is to close two of its production facilities in response to falling bread consumption in the country, Yle reports.

The firm, which concluded its co-determination negotiations at the end of June, is planning to shut its facilites at Ulvila and Hyvinkaa in the south of Finland. The move will affect a total of 146 workers including supervisory and managerial staff.

Facilities located in Vantaa, Lahti, Lappeenranta and Oulu are not reported to be affected.

Speaking to Bakery and Snacks, Fazer CEO Markus Hellstrom commented that there had been a “clear shift” towards products baked in store, leading to the company seeing a decline in volumes.

In a statement the company said: “Bread consumption is declining in Finland and consumer behaviour has changed in a significant way. The share of bread baked in stores is growing and that of pre-packed bread is falling. Increasing the efficiency of operations must be continued to secure future competitiveness”.

“Salary and energy costs have continued to rise as well and it is not possible to fully transfer the cost effects into prices”, it added.

Source: Yle / Bakery and Snacks

Tags
Fazer
← PREVIOUS POST
Turkey: Ferrero buys nut producer Oltan Gida
NEXT POST →
USA: Walmart focuses growth plans on smaller stores and alcoholic drinks

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
Finland: Fazer Group to close two factories - Gama