HLRE Holding Group announced in the beginning of August that it will restructure its organization and operational processes and will initiate change negotiations. In addition to changes in operating practices, the aim of the negotiations was to reduce management layers and enhance the efficiency of the sales organizations in Finland.
The negotiations started on 11 August 2025 and ended on 18 August 2025, and concerned all personnel of HLRE Group Ltd, Vesivek Ltd, and Vesivek Salaojat Ltd, excluding installers and foremen. Vesivek Tuotteet Ltd, Tuusulan Peltikeskus Ltd, and Vesivek Sverige AB were entirely excluded from the change negotiations.
As a result of the change negotiations, the number of personnel will decrease by 60 employees. Together with other changes in personnel in August, the total amount of employees will decrease by 71 employees from July head count. The personnel changes are estimated to generate annual savings of EUR 5.0 million. The estimated one-off expenses from the change negotiations is estimated to be EUR 0.4 million and the expenses will be booked in the Q3 Interim Report. These measures are a response to the decline in market demand in recent years and, together with the company’s previous actions, aim to restore financial profitability.
For further information
Kimmo Riihimäki, Group CEO
+358 400 730 671