HLRE Holding Group has concluded the Change Negotiations concerning installation personnel

At the end of September, HLRE Holding Group announced that it would initiate change negotiations concerning installation personnel. The aim of the negotiations was to reorganize installation work and adjust the current installation capacity to the reduced sales volume

The negotiations began on 6 October 2025. They concerned installers and foremen at Vesivek Ltd and Vesivek Salaojat Ltd. As a result of the negotiations, the number of personnel will be reduced by 34 employees. In addition, in the negotiations it was decided on seasonal layoffs during the winter period, affecting up to 83 persons.

The personnel changes are estimated to generate annual savings of approximately EUR 2.0 million for the Group. These measures are a response to the decline in market demand in recent years and, together with previous actions, aim to restore financial profitability.

Further information:

Antti Asteljoki, CEO, Vesivek Ltd and Vesivek Salaojat Ltd
antti.asteljoki@vesivek.fi
+358 40 052 3459