Measures of recovery at Stork Townsend

Press release 9 February 2009, Boxmeer: Stork Townsend in Oss, subsidiary of Marel hf, will take measures to improve its competitive force and profitability. The decision as proposed comprises a required restructuring and a company-wide reform of the efficiency and overhead.
These past few years the company in Oss has had disappointing results, which deteriorated even further as customers delayed their orders following the economic crisis. Immediate action is therefore considered unavoidable. As a result of these measures approximately 30 jobs out of the 130 jobs will disappear.
 
The temporary contracts of part of the employees concerned will not be renewed. Arrangements for early retirement will be used for another group. Unfortunately it cannot be ruled out that we will apply for a dismissal order for the remainder of the employees concerned. The trade unions have been informed about these plans for staff reduction and the works council has been consulted.
Stork Townsend ensures that even during this difficult period the service to our customers will be guaranteed.
The restructuring is expected to have finished by the end of 2009.

Information for the press:
Stork Food Systems
Ernst-Jan Huijbers
Tel.: +31 (0)485 586111