Systemair to discontinue Netherlands production; 70 employees affected, charge 115 MSEK
Systemair plans to discontinue operations at its Netherlands production facility; about 70 employees affected, with a one-time charge of about 115 MSEK subject to consultation, phase-out expected to begin 2027 and annual cost savings of 35 MSEK.
Sept 29 (Reuters) — Systemair AB: Systemair Plans To Discontinue Operations At Its Production Facility In The Netherlands Approximately 70 Employees At Production Facility Are Affected Subject To Outcome Of Consultation Process, Phase-out Is Expected To Be Completed At Beginning Of 2027. Restructuring Will Result In An Estimated One-time Charge Of Approximately 115 Msek Subject To Outcome Of Consultation Process, Phase-out Is Expected To Be Completed At Beginning Of 2027 A Later Divestment Of Real Estate Is Estimated To Result In A Capital Gain Of Approximately 40 Msek. Restructuring Expected To Generate Annual Cost Savings Of 35 Msek Source text:...
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