KH Group: Indoor Group’s change negotiations have been concluded — the new operating model will be rolled out across the country
December 04 2024 - 1:50AM
UK Regulatory
KH Group: Indoor Group’s change negotiations have been concluded —
the new operating model will be rolled out across the country
KH Group Plc
Press release 4 December 2024 at 8:50 am EET
KH Group: Indoor Group’s change negotiations have been
concluded — the new operating model will be rolled
out across the country
On 15 August 2024, KH Group announced an operating model reform
programme aimed at improving the group company Indoor Group's
profitability. Change negotiations related to the reform began on
21 October 2024 and the scope of the negotiations covered 635
employees. At the start of the negotiations, the company estimated
that the planned changes would lead to the termination of up to 200
positions.
The outcome of the change negotiations is that 162 employment
relationships will be terminated in Indoor Group.
The change negotiations that have now been concluded are part of
the company’s extensive operating model reform, which is focused on
the nationwide consolidation of the operations of Asko and Sotka
stores that are located adjacent to each other. Taking full
advantage of the two strong Finnish brands, shared business
premises, an efficient sales organisation and the new ERP system
will enable a better customer experience and a broader product
range, while improving the company’s competitiveness in a very
challenging market situation. The reform is estimated to improve
Indoor Group's annual operating profit by at least EUR 10 million
by the end of 2026.
KH GROUP PLC
FURTHER INFORMATION:
CEO Ville Nikulainen, tel. +358 40 045 9343
Indoor Group CEO Lauri Veijalainen, tel. +358 46 876 1648
DISTRIBUTION:
Nasdaq Helsinki Ltd
Major media
www.khgroup.com
KH Group Plc is a Nordic conglomerate operating in the business
areas of KH-Koneet, Indoor Group and Nordic Rescue Group. We are a
leading supplier of construction and earth-moving equipment,
furniture and interior decoration retailer as well as rescue
vehicle manufacturer. The objective of our strategy is to create an
industrial group around the business of KH-Koneet. KH Group’s share
is listed on Nasdaq Helsinki.
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