Nobia to initiate negotiations in Stemwede
(Thomson Reuters ONE) -
Nobia will initiate negotiations with employee representatives regarding:
* A relocation of the manufacturing of products sold under the Hygena brand,
which is currently conducted in Stemwede, Germany, to Nobia's production
facilities in the UK, and
* A closure of the operation for the sale and production of kitchens in
Stemwede, mainly to Do-It-Yourself retailers in Germany.
As a consequence, Nobia's remaining operation in Stemwede would be focused on
the Marlin bathroom furniture business.
The background to these initiatives is that the Stemwede site lacks sufficient
competitiveness and Nobia's aim to better capitalise on the economies of scale
of being a large Group by enhancing efficiency and moving towards larger, brand-
independent production units.
For further information:
Mikael Norman
CFO
Tel: +46 70 594 57 29
mikael.norman(at)nobia.com
Lena Schattauer
Head of Investor Relations
Tel: +46 8 440 16 07, +46 70 595 51 00
lena.schattauer(at)nobia.com
Nobia develops and sells kitchens through some 20 strong brands in Europe,
including Magnet in the UK, Hygena in France, HTH, Norema, Sigdal, Invita,
Marbodal and Myresjökök in the Nordic countries, Petra, Parma and A la Carte in
Finland, ewe and FM in Austria, Optifit in Germany and Poggenpohl globally.
Nobia generates profitability by combining economies of scale with attractive
kitchen offerings. The Group has approximately 7,400 employees and net sales of
around SEK 13 billion. The Nobia share is listed on the NASDAQ OMX Nordic
Exchange in Stockholm under the short name NOBI. Website: www.nobia.se.
Press release:
http://hugin.info/133488/R/1637797/526691.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nobia via Thomson Reuters ONE
[HUG#1637797]
Unternehmensinformation / Kurzprofil:
Datum: 31.08.2012 - 14:01 Uhr
Sprache: Deutsch
News-ID 179490
Anzahl Zeichen: 2463
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Nobia to initiate negotiations in Stemwede"
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