Purmo Group entered into consultation with employee representatives regarding its intention to discontinue the production of panel radiators at its plant in Zonhoven, Belgium. Purmo Group has on 28 November 2023 completed the consultation process with employee representatives. Following the completion of the process, the company will proceed according to the plan concerning the closure of the radiator production and maintenance departments in Zonhoven.

Consequently, the termination of the employment of 136 employees follows. Purmo Group Belgium employed 226 people in the manufacturing of steel panel radiators, warehousing and distribution as well as in customer service, sales and support functions. The closure of the radiator manufacturing and the terminations of the employment contracts will incur approximately EUR 30.0 million in one-off costs which will be recognized in the fourth quarter of 2023.

According to the plan, part of the radiator production in Zonhoven will cease by the end of the fourth quarter of 2023, and the remainder by the end of the first quarter of 2024.