HONKARAKENNE OYJ Stock Exchange Release Inside information 13 November 2025 at 19:00
Inside information: HONKARAKENNE INITIATES CHANGE NEGOTIATIONS AS PART OF THE COMPANY’S PROFITABILITY PROGRAM
Honkarakenne Oyj initiates change negotiations in accordance with the Finnish Act on Co-operation within Undertakings. The negotiations are based on financial and production-related grounds as well as the need to reorganize operations. The primary objective is to enhance the company’s profitability and competitiveness by streamlining processes and clarifying the organizational structure.
As part of the planned restructuring, Honkarakenne is also evaluating potential technology partnerships to improve operational efficiency and strengthen its ability to meet future development challenges.
The negotiations will involve all personnel, excluding members of the Executive Group and employer representatives participating in the process.
The negotiations will begin on 19 November 2025 and are expected to conclude during December. Outcomes may include redundancies, temporary layoffs, part-time employment, or changes to essential terms of employment.
The estimated total reduction need corresponds to 19 person-years. Any decisions resulting from the negotiations are expected to be implemented by 31 May 2026 at the latest.
The ongoing profitability program aims to achieve savings of at least EUR 2.5 million, of which personnel-related costs are estimated to account for approximately EUR 1.3 million.
If implemented, the restructuring plans may result in adjustment items being recorded in the income statement. The exact amount of any such items will be determined following the conclusion of the change negotiations.
If implemented, the plans may result in adjustment items being recorded in the income statement. Any potential adjustment items will be specified after the end of the change negotiations.
HONKARAKENNE OYJ
Marko Saarelainen
President and CEO
Further information:
Marko Saarelainen, President and CEO, tel. +358 40 542 0254, marko.saarelainen@honka.com or
Maarit Jylhä, CFO, tel. +358 40 594 4099, Maarit.jylha@honka.com
DISTRIBUTION
Nasdaq Helsinki Ltd
Key media
Financial Supervisory Authority
www.honka.com
Honkarakenne Oyj manufactures high-quality, healthy and ecological log homes, holiday homes and public buildings under its Honka® brand from Finnish solid wood. The company has delivered 90,000 buildings to over 50 countries. House kits are manufactured in Finland, the company's own factory is located in Karstula. In 2024, Honkarakenne Group's net sales were EUR 36.7 million, of which exports accounted for 29 %. www.honka.com