Neste Oil to let 203 employees goStaff writer ▼ | November 27, 2014
Neste Oil has completed the statutory employer-employee negotiations commenced on October 7, 2014. The negotiations concerned the personnel of Neste Oil Corporation, Neste Renewable Fuels Oy, and Neste Shipping Oy.
Negotiations The talk is over
Most of the reductions in the Group's support functions will take place in 2014-2015. The reductions will be implemented in Oil Products during 2014-2016, as reductions in the operational functions of the Porvoo and Naantali refinery units will mainly be implemented in accordance with the turnaround and production change project schedules.
The measures decided on in the negotiations are due to considerable changes to ensure the company's competitiveness and secure future growth.
Neste Oil announced on October 7, 2014 that a total of more than EUR 250 million will be invested in growth and optimizing production at the Porvoo and Naantali units and the operations of the Porvoo and Naantali refineries will be merged to achieve more efficient control and increased operational cost-efficiency. In addition, the company intends to close down some production units.
Neste Oil currently employs around 5,000 people, of whom some 3,500 are in Finland. The statutory employer-employee negotiations concerned 2,500 people. ■