Brief: Purmo Group Launches Consultation Process Regarding Plant In Belgium

Purmo Oyj

11/05/2023 09:54

May 11 (Reuters) - Purmo Group Oyj  PURMO.HE :
    * PURMO GROUP LAUNCHES A CONSULTATION PROCESS REGARDING THE
FUTURE
OF ITS MANUFACTURING PLANT IN ZONHOVEN, BELGIUM
    * ANNOUNCED INTENTION CONCERNS 143 EMPLOYEES
    * PURMO GROUP BELGIUM EMPLOYS 227 PEOPLE FUNCTIONS
    * IN RESPONSE TO OVERCAPACITY IN PANEL RADIATOR MARKET,
PURMO
GROUP IS ASSESSING ITS MANUFACTURING FOOTPRINT AND OPERATIONAL
EFFICIENCY
    * LOW UTILISATION RATE AND HIGH PRODUCTION COSTS HAVE
IMPACTED
PROFITABILITY OF PLANT NEGATIVELY

Source text for Eikon:  ID:nMFN5NPK5P 
Further company coverage:  PURMO.HE 

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