HLRE Holding Group will initiate change negotiations concerning installation personnel. The aim of the negotiations is to reorganize installation work and to adapt the current installation capacity to the reduced sales volumes.
As a result of the planned changes, the number of personnel is estimated to decrease by no more than 47 employees. This figure also includes potential measures that would require substantial changes to the terms of employment contracts. In addition, the planned changes may lead to temporary layoffs affecting no more than 83 persons.
The negotiations will take place in October, starting on 6 October 2025, and will concern installers and foremen of Vesivek Ltd and Vesivek Salaojat Ltd.
The personnel changes are estimated to generate total annual savings of EUR 2.0 million for the Group. 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
Antti Asteljoki, CEO, Vesivek Ltd and Vesivek Salaojat Ltd
+358 40 052 3459