Neste Oil to invest and reduce personnel
Neste Oil will invest considerably in its operations in Finland but also reduce as many as 250 personnel as part of the integration of its refinery operations in Porvoo and Naantali. Sami Ryynänen, the chief shop steward in Porvoo, reveals that he knew to expect the consultative negotiations but was surprised by the scope of the rationalising measures announced by the oil refining company.
Neste Oil announced on Tuesday that its refinery operations in Porvoo and Naantali will be integrated in a bid to improve efficiency and reduce costs. In order to increase production, it will also invest 500 million euros in the development of the facilities.