Brief: Raisio Initiates Change Negotiations At Raisioaqua Ltd.

Raisio Oyj

07/03/2022 12:22

March 7 (Reuters) - Raisio Oyj  RAIVV.HE :
    * STOPPING ALL EXPORTS TO RUSSIA INITIATES CHANGE
NEGOTIATIONS AT
RAISIOAQUA LTD.
    * CALLED EMPLOYEE REPRESENTATIVES TO DISCUSS PLANS REGARDING
FURLOUGHS WHICH MIGHT TAKE OVER 90 DAYS.
    * ALL 30 EMPLOYEES OF RAISIOAQUA LTD ARE IN SCOPE OF
NEGOTIATIONS.
    * REASON FOR CHANGE NEGOTIATION IS STOPPING RAISIO'S EXPORTS
TO
RUSSIA.
    * MOST OF TURNOVER GENERATED IN RUSSIA HAS COME FROM FISH
FEED
EXPORTS PRODUCED BY RAISIOAQUA.
    * APPROXIMATELY 65% OF RAISIOAQUA'S PRODUCTION HAS BEEN
EXPORTED
TO RUSSIA
    * AIM IS TO FINISH PROCESS DURING APRIL 2022.


Further company coverage:  RAIVV.HE 

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