Harvia has concluded the change negotiations caused by the suspension of operations in Russia

Harvia has concluded its change negotiations conducted in accordance with the Finnish Co-operation Act. The reason for the change negotiations was the suspension of Harvia’s operations in Russia due to the war in Ukraine. Combined with the growing general uncertainty, Harvia considered it necessary to adjust the company’s production capacity and other personnel resources.

Based on the alternatives discussed in the change negotiations, Harvia has confirmed the reduction need to be nine person-years. Additional adjustments are carried out through temporary layoffs of up to 90 days and annual leave arrangements at Harvia Finland Oy, Velha Oy, and Harvia Group Oy.

The change negotiations concerned approximately 230 persons in Finland. Harvia Group employs approximately 830 persons in total.