Lehto Group Plc: Lehto's change negotiations have been completed

Lehto Group Plc
Insider information
8 November 2022 at 7.30 a.m. (EET)

On October 4, 2022, Lehto announced that it is preparing for the weakening market prospects of the construction industry by initiating adjustment measures that aim for a total of approximately EUR 6-7 million in cost savings for 2023. As part of the measures, the company started change negotiations, the goal of which is to achieve savings equivalent to approximately 80 man-years.

Now the change negotiations have been completed and the company will implement the redundancies and layoffs of employment corresponding to approximately 90 man-years.

The change negotiations will not have a significant impact on the 2022 result or financial position.

Further information:
Juuso Hietanen
CEO
Tel. +358 50 343 4023