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K\u00e4hrs adjusts its capacity to meet a lower demand for flooring solutions in the residential segment in 2023, both in renovation and new built. The market is highly affected by increased interest rates and a high inflation, especially in Europe, contributing to a clear drop in market demand from record levels and high order books in 2022.<\/p>\n
Low consumer confidence is creating challenges in demand in Europe moving forward. Higher prices, on energy in particular, continue to be a big challenge. Combined with a general rise in inflation and the risk of continuing rising interest rates and falling house prices. K\u00e4hrs is preparing and adapting its operations with a focus on cost control and capacity adjustments to ensure continued low debt and a strong cash flow.<\/p>\n
To adjust capacities and to mitigate the effects of lower demand in 2023, K\u00e4hrs implements a plan to lower the capacities in all its European factories in steps, affecting a total of 175 coworkers.<\/p>\n
In the Swedish production site in Nybro, K\u00e4hrs has announced a notice of 100 employees, 95 blue-collar positions and 5 white-collar, in addition to 25 temporary employees that left during the later part of 2022. Negotiations with union parties have been initiated. Affected employees will receive information during the first quarter 2023 and the redundancies will start to take effect from 1 April.<\/p>","protected":false},"excerpt":{"rendered":"