“This production adjustment is a necessary step to reduce costs and create conditions for long-term sustainability,” says Marcus Westdahl, CEO and Group President of Setra Group.
The background to the decision is the continued weak global construction market and economic uncertainty, which affects the ability to set relevant prices in relation to the current cost base.
“We are committed to carrying out the process with a strong focus on our employees, while ensuring that Hasselfors is well-prepared for the future. The situation could change if the timber market shifts rapidly and significantly. Factors such as the economic climate, global conditions, supply, prices, currency fluctuations, and the pace of global construction all interact and influence in various ways,” concludes Marcus Westdahl.
The production adjustment in Hasselfors entails:
- Reduction of the organisation from 107 to 57 positions
- Adjustments on both the blue-collar and white-collar sides
- Production rate reduced to just over half
- Implementation period of four months
