HLRE Holding Group is restructuring its organization and operational processes and will initiate change negotiations

HLRE Holding Group is restructuring its organization and operational processes and will initiate change negotiations. In addition to changes in operating practices, the aim of the negotiations is to reduce management layers and enhance the efficiency of the sales organizations. As a result of the planned changes, the number of personnel is estimated to decrease by no more than 103 employees. The figure also includes positions for which role changes or transfers to other duties are proposed.

The negotiations will take place in August, starting on 11 August 2025, and will concern all personnel of HLRE Group Ltd, Vesivek Ltd, and Vesivek Salaojat Ltd, excluding installers and foremen. Vesivek Tuotteet Ltd, Tuusulan Peltikeskus Ltd, and Vesivek Sverige AB are entirely excluded from the change negotiations.

The personnel changes are estimated to generate total annual savings of EUR 3.4 million for the Group. These measures are a response to the decline in market demand in recent years and, together with the company’s previous actions, aim to restore financial profitability.

For further information

Kimmo Riihimäki, Group CEO

kimmo.riihimaki@vesivek.fi

+358 400 730 671