Lehto Group Plc: Lehto will start adjustments for production in two factories

Lehto Group Plc
Insider information
9 May, 2019 at 10.00 a.m.

Lehto Group will start adjustments in Hartola and Oulainen factories. The target is to meet the balance between capacity and short-term demand. Lehto will start employee cooperation negotiations. Based on Lehto’s preliminary estimation, there might be significant changes in personnel’s tasks or Lehto’s personnel may reduce maximum by 70 man-years due to planned actions among the personnel included in the negotiation process.

”Lehto’s own factory production is the cornerstone of our strategy, and we still hold it to be one of the most important development trends in future construction. We have analysed our commercial business development and found that we have factory overcapacity for our current needs. When it comes to profitability, it is both essential and same time challenging for us to find the correct balance in our factory production to handle both brisk growth and rapid changes in the market”, says Pekka Korkala, EVP, factory production from Lehto Components Plc.

Further information:
Pekka Korkala, EVP, Lehto Components, tel. + 358 40 524 2717

Lehto Group PLC:

Lehto is fast growing construction and real estate group. We operate in four service areas: Business Premises, Housing and Social Care and Educational Premises. We are the innovator and pioneer of the construction sector. Our economically driven operating model makes construction more profitable, ensures the quality of construction and brings significant time and cost savings to the customer. We employed around 1,500 people. Our net sales for 2018 amounted to EUR 721.5 million.