EMCC European Monitoring Centre on Change

Lindab

Company/Organisation:
Lindab

Geographic Location

Country: Slovenia
Region: Goriska; Slovenija
Location of affected unit(s): Godovič

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.25 - Manufacture of non-domestic cooling and ventilation equipment
Number Employed: 212
Group: Lindab

Employment Effects

Announcement Date: 30-06-2020
Planned Job Reductions min: 212
Planned Job Reductions max: 212
Type of Restructuring: Closure
Employment Effect Start: 01-07-2020
Foreseen End Date: 31-12-2020
Direct Dismissals: 212

Additional Information

Lindab, the Swedish producer of building components and indoor climate control equipment, has announced the closure of IMP Klima in Godovič and the dismissal of 212 workers. The closure of IMP Klima offices’ in Serbia, Montenegro and Bosnia-Herzegovina will bring another fourteen layoffs. The executive director Ola Ringdahl informed employees at the general meeting on Tuesday (30 June 2020) by letter. The reason  indicated for closure is that IMP Klima has failed to reach the Lindab’s target for profitability.  The unit has not been profitable in recent years and the situation has been made critical with the onset of the COVID-19 crisis. As Ola Ringdahl wrote: ‘Within Lindab, all units must contribute to our target of 10% operating margin. We do not see a reasonable path to profitability and growth for IMP Klima. We have, therefore, decided to close down.’ The closure is foreseen for the end of 2020. Costs associated with the restructuring are estimated at 60-70m SEK (euro 5.7-6.7m). 

 

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