HLRE Holding Oyj

Vesivek Tuotteet Ltd has concluded the change negotiations concerning personnel

19.11.2025 14:39:09 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

At the end of October, Vesivek Tuotteet Ltd, part of the HLRE Holding Group, announced that it will initiate change negotiations concerning personnel. The basis for the change negotiations was the anticipated slowdown in demand during the upcoming winter season, due to both seasonality and the current market situation. The aim of the negotiations was to adjust current resourcing to the reduced sales volume.

The negotiations began on 3 November 2025 and concerned all personnel of Vesivek Tuotteet Ltd. As a result of the negotiations, the number of employees will be reduced by seven. In addition, it was decided in the negotiations to implement temporary layoffs for all personnel during the period from 5 December 2025 to 26 April 2026. The layoffs will affect up to 64 people.

The personnel changes are estimated to generate total annual savings of approximately EUR 0.7 million for the group. These measures are a response to declining market demand and aim to maintain financial profitability.

For further information

Pasi Heikkonen
CEO, Vesivek Tuotteet Ltd
pasi.heikkonen@vesivek.fi                        
+358 40 776 5527

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