date:Aug 13, 2014
gradual run-down of operations as the current inventory becomes exhausted and sales end. Valio has around 500 employees in Russia. The production of the Russian processed cheese plant will though continue.
The fall in production may lead to unpaid lay-offs and the non-renewal of fixed-term employment contracts once the co-operation negotiations have been completed. There is at this time no estimate on the number or duration of possible lay-offs, said the company.
According to the Bank of Finla