Change negotiations, HLRE Holding Group

HLRE Group Ltd, Vesivek Ltd, Vesivek Salaojat Ltd and Vesivek Tuotteet Ltd  have initiated a process for change negotiations regarding potential temporary layoffs of less than 90 days. These negotiations are scheduled to take place on November 20th 2024 and will concern all employees of the group companies listed above. The payroll function within the HLRE Group Ltd. is excluded from these negotiations.

The negotiations will officially commence on November 26th, 2024.

The purpose of the change negotiations is to address plans for potential temporary adjustment measures and their possible personnel impacts. These measures are being considered in response to anticipated seasonal fluctuations that may result in a decline in volume, as well as to safeguard financial profitability during the Q4/Q1 financial periods. The negotiations will focus on the rationale for the proposed measures, their potential impacts, and possible alternative solutions.

Group CEO

Kimmo Riihimäki

kimmo.riihimaki@vesivek.fi

+358 400 730 671