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Atria to Centralize Russian Meat Production, Cut 300 Jobs

Nov. 26 (Bloomberg) -- Atria Oyj will centralize its Russian meat production operations in St. Petersburg from Moscow and Sinyavino and plans to cut 300 jobs.

Atria expects annual cost savings of 6 million euros from the cuts and will book a one-time cost of 1.5 million euros, mostly in 2011, the company said in a statement today.

Link to Statement:{NSN LCHA063HBS3K <GO>}

Link to Company News:{ATRAV FH <Equity> CN <GO>}

To contact the editor responsible for this story: Kati Pohjanpalo at kpohjanpalo@bloomberg.net

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