June 5, 2013
Marine Harvest VAP Europe to restructure
Press release
Marine Harvest VAP Europe will proceed with the restructuring plan for its value added products (VAP) activities to be implemented by the spring of 2014.
The plan includes reducing the number of processing sites in Europe from 13 to eight, which will affect sites in France, Benelux and Poland. Of the approximately 2,400 employees in VAP Europe, about 450 will be affected by the restructuring plan. Marine Harvest will engage in consultations with employee representatives at affected sites. A provision of €27 million (US$35.35 million) will be made in the second quarter to cover costs associated with the implementation of the restructuring plan.
In its attempt to be the most cost-efficient VAP organisation in Europe, the Group aims to increase efficiency, introduce new technology and more automated operations. Marine Harvest expects to retain all business activities, and allocate volumes to the remaining sites situated in France, the Netherlands, Belgium and Poland. These sites will be strengthened to accommodate increased efficiency, throughput and end-customer orientation.
