MOSCOW (MRC) -- Uponor is embarking on a streamlining programme to adjust the operations of Building Solutions – Europe to the weak demand prevailing in Europe, said Globenewswire.
The segment’s business is being hampered by a lengthy period of subdued demand in the building industry and, more recently, intensifying competition in the largest market sector, residential new builds in Germany.
The company is targeting annual savings of around EUR3 million within Building Solutions – Europe. For instance, it plans to adjust its sales network as well as to centralise and outsource some support functions to a greater extent than now. It is estimated that these initiatives will incur a total of EUR4–5 million in non-recurring costs, which will be booked during 2015.
The planning has been initiated and more details will be communicated when the plans are ready. In sum, the measures are expected to account for around 100 man years of work in Building Solutions - Europe. As a first step in June, Uponor launched a codetermination process in Sweden aimed at a reduction of 20 permanent and 20 temporary jobs.
As MRC informed earlier, Uponor is to invest in the construction of a plant for the manufacture of plastic pipes for the water supply systems of the Leningrad Region. According to a source from Uponor Rus, plant capacity will amount to 1 million m of pipes per year.
Uponor is an international market leader, striving to provide better plumbing, indoor climate and infrastructure solutions across Europe, North America and in other international markets. In close partnership with building industry professionals we are continuously seeking out innovative ways to ensure our systems offer the most efficient, reliable and high-performing solutions available to residential and commercial structures around the globe.
MRC