Honkarakenne Oyj initiates change negotiations, which concern the company's entire personnel, with the exception of the members of the Executive Group and the director of human resources.
The company is considering changes on economic, productional and operational reorganization grounds that may lead to redundancies, temporary lay-offs, part-time employment, or amending the terms of employment.
The estimated total reduction need is a maximum of 27 person-years. The estimated schedule by which the measures will be carried out is by the end of 2023. The estimates will be specified during the negotiations within the limits mentioned above. The aim of the change negotiations is to achieve annual cost savings of at least Euro 1.7 million.
Low construction activity in both the domestic and export markets has a negative impact on the company's operations and the development of the order book. The company's goal has been to compensate for the gap left by Russian export net sales in Finland and, in particular, in other export areas of the company. According to the company's view, due to the current economic situation in Finland and Europe, sales will increase more slowly than previously expected. As a result, the company must adapt its cost structure and number of personnel to reflect the current market and demand situation.
Honkarakenne Oyj manufactures high-quality, healthy and ecological log homes, holiday homes and public buildings from Finnish solid wood.
