Brief: Uponor Initiates Change Negotiations In Its Finnish Subsidiaries

Uponor Oyj

04/05/2023 16:05

May 4 (Reuters) - Uponor Oyj  UPONOR.HE :
    * INITIATES CHANGE NEGOTIATIONS IN ITS OPERATIONS IN FINLAND
AS
PART OF TRANSFORMATION PROGRAMME
    * AS PART OF UPONOR CORPORATION'S GLOBAL TRANSFORMATION
PROGRAMME,
ANNOUNCED ON 15 FEBRUARY 2023, UPONOR IS INITIATING CHANGE
NEGOTIATIONS IN ITS FINNISH SUBSIDIARIES, UPONOR INFRA OY AND
UPONOR SUOMI OY
    * AIM IS TO STREAMLINE JOINT OPERATIONS IN FINLAND AND
ADJUST
PRODUCTION CAPACITY OF NASTOLA AND TUUSULA FACTORIES AS WELL AS
NEGOTIATE CONCERNING LOCATIONS, ESPECIALLY IN TUUSULA AND
TAMPERE
    * NUMBER OF EMPLOYEES COVERED BY NEGOTIATIONS IS 235
    * IT IS ESTIMATED THAT NEGOTIATIONS COULD RESULT IN
REDUCTION OF
65 POSITIONS AT MAXIMUM
    * CHANGE NEGOTIATIONS WILL BE CONDUCTED IN ACCORDANCE WITH
LOCAL
LEGISLATION
    * WITH SUCCESSFUL IMPLEMENTATION OF GLOBAL TRANSFORMATION
PROGRAMME, UPONOR AIMS TO SECURE ITS LONG-TERM COMPETITIVENESS
AND ENSURE EXECUTION OF ITS GROWTH STRATEGY

Source text for Eikon:  ID:nGNE60Qcgb 
Further company coverage:  UPONOR.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))