Purmo Group launches a consultation process to relocate its manufacturing from Hull, United Kingdom

Purmo Group continues to assess its manufacturing footprint and operational efficiency as a part of its strategy acceleration programme, Accelerate PG. The operations in the United Kingdom are transforming to reduce complexity and improve capacity utilisation, including potentially consolidating all manufacturing operations to one manufacturing location. As a consequence, the Group has entered into consultation with employee representatives regarding its intention to relocate the production from its plant in Hull, United Kingdom, with a possible collective redundancy. The process is subject to local consultation.

The plant employs 37 employees working in the manufacturing of low surface-temperature radiators, fan convectors and other components. The production of these products could possibly be relocated to other manufacturing locations in the United Kingdom.

“Launching the consultation process in Hull is another manufacturing footprint optimisation initiative within the Accelerate PG programme. The reasons for us to enter into the negotiations with employee representatives in Hull are to reduce complexity and improve overall production efficiency in our UK operations. We have decades of history in Hull where our strong Myson brand is well known, and we will continue to serve our customers with the same quality regardless of these circumstances,” comments Erik Hedin, Chief Operating Officer of Purmo Group Plc.

Further information:
Katariina Kataja, Head of Investor Relations, Purmo Group Plc
Tel. +358 40 527 1427

Distribution:
Principal media
investors.purmogroup.com

About Purmo Group:
Purmo Group is at the centre of the global sustainability journey, offering full solutions and sustainable ways of heating and cooling homes to mitigate global warming. We provide complete heating and cooling solutions to residential and non-residential buildings, including underfloor heating and cooling systems, a broad range of radiators, heat pumps, flow control and hydronic distribution systems, as well as smart products. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our approximately 3,170 employees operate in 24 countries, manufacturing and distributing top-quality products and solutions to our customers in more than 100 countries. Purmo Group’s shares are listed on Nasdaq Helsinki with the ticker symbol PURMO. More information: www.purmogroup.com.