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Uponor streamlines central European distribution operations and lays off employees

Monday, 7 Apr 2014 02:00am EDT 

Uponor Oyj:Says it has decided to close its distribution center in Wettringen, north-western Germany and plans to relocate these operations to a new custom-fitted building in Hassfurt, southern Germany, next to the company‚Äôs current facilities.The new 15,000 square-meter lease facility is planned to be ready for occupancy by early 2015 at the latest.In connection with this, the manufacture of local heat distribution pipe systems in Ochtrup, the town neighboring Wettringen, will also be transferred to Hassfurt.The relocation and streamlining are expected to improve customer service and increase internal efficiency.Expects to achieve operational savings in the range of 2 million euros on an annual basis, effective from the second quarter of 2015 onwards.The one-time costs, including redundancy costs, will total nearly 3.8 million euros, which will be booked as provisions in the first quarter.Employees in the Wettringen-Ochtrup area will be offered jobs in the new location, but it is estimated that some 55 persons will leave the company.After the relocation, Uponor will continue to employ some 50 persons in sales, offering and other service functions in the Wettringen-Ochtrup area. 

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