NIBE Industrier AB (publ) announced that The start of 2024 has confirmed much weaker demand in the European heat pump market. To properly deal with this situation in a responsible manner, on February 16th this year announced that would be introducing a plan in response that would be aimed at reducing staff and overhead costs, particularly within NIBE Climate Solutions in Europe. Now entering into negotiations to implement these measures in order to align costs and staffing with the current lower sales volumes, are also looking to establish the best possible foundations for a well-dimensioned and streamlined organization when the market turns around.

After the plan has been implemented, the Group?s staffing in Sweden will be reduced by approx. 340 employees, of which approx. 264 from NIBE AB and 40 from CTC AB.

In the rest of European operations, negotiations will be initiated for staffing reductions of a similar extent.