“Inwido has a strong position in all markets affected by these measures. In order to maintain and improve this position we must continuously review and streamline operations,” says Inwido’s President and CEO, Håkan Jeppsson.

The affected units today are the production facilities in Bjurträsk, Sweden and Ugerlöse, Denmark, as well as the sales organisation in Finland. Regarding production, the intention is to move existing volumes to other Inwido sites in each country. The employees will be offered new jobs at the receiving units.

“It's tough news for the employees who may be affected. The challenging Finnish market and overcapacity regarding certain products for the industrial market have forced us to take these measures. Volumes in the industrial segment in Denmark and Sweden remain steady, but lack adequate profitability. The proposed measures will improve our ability to invest in new attractive products and customer offerings that are needed to meet the tough competition in the market,” says Håkan Jeppsson. 

Read the pressrelease in the pdf attached