This is due to economic and production reasons.
Kesla Oyj will start change negotiations to change the organization to meet the strategic targets and current capacity needs. The negotiations concern the entire personnel, and the adjustment need is approximately 30% of the costs of using the workforce.
The value of the orders received remains on lower levels than in the corresponding time of the previous year, and there is no clear change in demand for the better in the coming months. The uncertainty of demand in market areas important to Kesla has continued as interest rates remain high and the geopolitical situation remains unstable.
The aim of the negotiations is to streamline the organizational structure, which affects not only the number of personnel but also employee positions. In the change negotiations, they will cooperate with the personnel, in order to find the most suitable end result from the strategy perspective.
In September 2023, the company announced a new strategy aimed at significant growth and improved profitability. This also means renewing the organizational structure and introducing new operating models and methods.
Kesla estimates that the change negotiations will mean dismissal or retirement of a maximum of 25 persons. In addition, the adjustment may mean temporary layoffs that are either shorter or valid until further notice. Source