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Grove Group co-operation negotiations lead to redundancies, part-time and layoffs

the construction company Grove group's results continued in July-September at a loss. Operating income weighed on the eur 14.4 million loss side, the company told the business review in.

the Company's net sales decreased in the quarter to just over 150 million.

a loss of earnings have contributed to the problems in renovation projects in Sweden and in the whole of the project in.

– the defeat of the central reasons were the same, with which we have struggled throughout the year, ceo of Hannu Lehto stated in the data sheet.

the Company issued in early November, a third profit warning this year. The company estimates that in the fourth quarter operating result to be positive, but in the second half of the results will be a loss for July-September numbers. Also full-year revenue expected to remain in recent years after.

negotiations on the seven million savings

the Grove told me the same that they received in September, it initiated co-operation negotiations completed. Their consequences to be implemented by the layoffs, part-time and temporary lay-offs correspond to approximately 144 person-years. The harder reductions will affect the factory production.

the Negotiations were in Finland a total of approximately 540 in person. The goal is to get in level about seven million euros in savings.

in June end the co-operation negotiations the company was told off 51 employees and was laid off 53.

Total Grove employs about 1 500 people.

Read more:

the construction company the Grove to start yt:t – reduces up to 150

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