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Refocusing Hilding Anders' Swedish operations

2014-04-25 [Press release]

Today Hilding Anders has informed union representatives about a possible reduction of the workforce at the Swedish plant in Hästveda. If volumes would be moved as suggested from Hästveda to the site in Rydaholm, about 30 employees in Hästveda would be affected.

The background for the proposal is a tougher market situation in Sweden: “We are acting on a highly competitive market and we continuously evaluate our structure and organization to stay competitive and become a better partner to our customers”, comments Björn Edwardzon, President Business Region NorthEast Europe within Hilding Anders.

The proposal includes that the site in Hästveda focuses on mattress production for a large Nordic customer and on wooden parts, while the remaining mattress production is intended to move to Rydaholm where new employment opportunities will be created. The Group’s third site in Sweden, in Lysekil, is not affected by the proposed change.

Today employees in Hästveda, Rydaholm and Lysekil have been informed and negotiations with the unions are intended to commence soon.

Background facts

Hilding Anders’ Swedish operations consist of three sites: Hästveda, Rydaholm and Lysekil (Carpe Diem Beds). The Swedish operations showed net sales of MSEK 680 in 2013 and have 280 employees. Close to 100 employees are working at the site in Hästveda. The Swedish product portfolio consists of branded products such as Jensen, Carpe Diem Beds, Hilding, Ekens and Stjärnbädden as well as mattress concepts that are sold to retailers as private label products. Hilding Anders has its Group head office in Malmö, Sweden, and had net sales of 7.5 billion SEK last year. The company is Europe’s largest bedding producer with strong footholds in Russia and South East Asia. Sweden belongs to the Group’s top five countries with ca 9 per cent of net sales.

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