Broedrene Hartmann A/S: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Broedrene Hartmann A/S Proposes Closure of Manufacturing Facility in Varkaus, Finland; Possible Layoffs
Broedrene Hartmann A/S (Hartmann) announced that with a view to ensuring sustainable and profitable long-term growth in the European business, Hartmann proposes to close its manufacturing facility in Varkaus, Finland. The strategic initiative aims at increasing overall competitiveness and optimizing the European production network through reduction of complexity and efficiency improvements. Negotiations with employee representatives are scheduled to commence on January 14, 2013. In line with the 'Competitive edge - driving growth' strategy, Hartmann has taken a number of steps to strengthen competitiveness and enhance its customer focus. These efforts have increased overall production efficiency, and the proposed closure of Hartmann's manufacturing facility in Varkaus is not expected to affect European sales volumes. Hartmann initiates the process of engaging with employee representatives to negotiate the outcome of the proposal and explore alternatives. This is in accordance with prevailing Finnish legal requirements known as YT negotiations, which will go on for a minimum of six weeks. The procedure will concern 45 jobs in Finland.
- Share this
- Digg this