FrieslandCampina consolidates operational financial activities EMEA region in Budapest
FrieslandCampina intends to consolidate all operational financial activities for its operating companies in Europe, the Middle East and Africa (EMEA) in its Financial Shared Services Centre EMEA (FSSC EMEA) in Budapest, Hungary. This intended decision is in line with plans announced earlier today to simplify the internal organisation in order to reduce costs. Transfer of operational financial activities from Wolvega and Amersfoort to Budapest is planned to start from January 2021 onwards. Employees have been informed about this intention.
Particularly as a result of the direct and indirect consequences of the corona pandemic, market conditions have deteriorated sharply in 2020 and accelerated structural improvement initiatives are necessary. FrieslandCampina has therefore decided to consolidate its operational financial activities for the EMEA region in its FSSC EMEA and transfer these activities from Wolvega and Amersfoort to Budapest. In addition to greater uniformity in the services provided to internal customers, a reduction in complexity, greater efficiency and future automation synergies, this consolidation will also lead to structurally lower costs.
As of the first quarter of 2022, all operating companies in the EMEA region will be supported from Budapest for their operational financial activities. It is expected that 169 employees in the Financial Shared Service Centre in the Netherlands are affected. The employees and trade unions have been informed and the works council has been asked for advice. The Social Plan of FrieslandCampina will apply to employees with an employment agreement for an indefinite time. FrieslandCampina will support the employees involved in finding a new job within or outside the company.
Next to its FSSC EMEA in Budapest, FrieslandCampina also has a Financial Shared Service Centre in Kuala Lumpur that carries out all operational financial activities for its Asian operating companies.