Hexagon Composites ASA: Hexagon Raufoss restructures the operating model
Hexagon Composites' wholly-owned subsidiary Hexagon Raufoss, restructures its operating model to achieve profitable operations.As a result of prolonged weak profitability, the decision has been taken to implement a restructuring and downsizing process in Hexagon Raufoss. The company has terminated all its employee contracts and has implemented a modified operating model where operational services will be performed by its sister company Hexagon Ragasco. The restructuring includes workforce reductions through natural retirements, internal transfers and lay-offs. Eight employees have found