Finnish dairy giant Valio confirms cut of 80 white-collar jobs

All of the affected employees work at the company's headquarters in Helsinki.

File photo of Valio's headquarters in Helsinki. Image: Mikko Käkelä / Valio

Finnish dairy giant Valio announced on Wednesday that employee and employer representatives have completed co-determination talks and that 80 workers will be let go.

In addition to redundancies, Valio said it would reduce staff by terminating fixed-term contracts and through retirement programmes.

When negotiations began in January, the company said it was considering cutting up to 100 jobs.

The farmer-owned firm said downsizing was needed to improve competitiveness and profitability.

The firm's HR manager Marianne Tammela said Valio will assist dismissed employees to find new jobs. She said that new posts which came about during restructuring negotiations will be offered to retrenched workers first.

Valio employs about 4,000 people. Workers at the company's processing facilities were not affected by the payroll reductions.