Kemppi Oy and Kemppi Group Oy completed change negotiations

KEMPPI        PRESS RELEASE        19 MARCH 2024       10.00 EET

Kemppi Oy and Kemppi Group Oy completed change negotiations

Kemppi Oy and Kemppi Group Oy have completed change negotiations, which the companies announced on 13 February 2024. The aim of the negotiations was to ensure maintaining group’s competitiveness and cost efficiency of the welding business in the long term and strengthening the conditions for implementing growth strategy.

At the start of the negotiations, the estimated need for permanent personnel reductions was max 40 personnel. The negotiations resulted in the reduction of a total of 33 people. Other personnel effects include e.g. transfer of tasks from one organization to another within the company and changes in individual tasks and job titles.

The negotiations concern 445 employees in Finland. Companies currently employ a total of 790 employees worldwide.

For more information, please contact:
Katri Sahlman
Interim CEO, Kemppi Oy  
Tel. +358 44 289 9678
katri.sahlman@kemppi.com

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Kemppi in brief
Kemppi is the design leader in the arc welding industry. We are committed to boosting the quality and productivity of welding by continuous development of the welding arc and by working for a greener and more equal world. Kemppi supplies sustainable products, digital solutions, and services for professionals from industrial welding companies to single contractors. The usability and reliability of our products is our guiding principle. We operate with a highly skilled partner network covering over 70 countries to make its expertise locally available. Headquartered in Lahti, Finland, Kemppi employs close to 800 professionals in 16 countries and has a revenue of 195 MEUR in 2022.

Kemppi – Designed for welders