Brief: Atria Invests EUR 30 Mln, Restructures Swedish Production

Atria Oyj

17/05/2021 12:05

May 17 (Reuters) - Atria Oyj  ATRAV.HE :
    * INVESTS EUR 30 MILLION IN RESTRUCTURING OF THE SWEDISH PRODUCTION
    * MOVE IS EXPECTED TO BE COMPLETED DURING 2023.
    * INVESTMENT INCLUDES AN EXPANSION AND NEW MACHINERY IN PLANT IN SKÖLLERSTA
    * RESTRUCTURING IS ESTIMATED TO GIVE ATRIA A TOTAL OF EUR 3.5 MILLION IN ANNUAL SAVINGS
    * PRODUCTION IN MALMÖ WILL BE MOVED TO PLANTS IN SKÖLLERSTA AND MOHEDA IN SWEDEN AND TO
HANSTED IN
DENMARK
    * NEGOTIATIONS WITH UNIONS HAVE NOW BEEN COMPLETED
    * RESTRUCTURING IS ESTIMATED TO GIVE ATRIA A TOTAL OF EUR 3.5 MILLION IN ANNUAL SAVINGS.
    * MOVE CAN BE COMPLETED IN 2023 AT EARLIEST AND UNTIL THEN PRODUCTION WILL CONTINUE IN MALMÖ
    * HAS APPROXIMATELY 160 EMPLOYEES IN MALMÖ
    * AFTER THAT, ATRIA PLANS TO SELL FACTORY BUILDING IN MALMÖ

Source text for Eikon:  ID:nWkr4Y7pqK 
Further company coverage:  ATRAV.HE 

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