Kesla Oyj begins change negotiations to meet strategic targets

11.04.2024 News

Kesla Oyj will start change negotiations to change the organization to meet the strategic targets and current capacity needs. This is due to economic and production reasons. The negotiations concern the entire personnel, and the adjustment need is approximately 30% of the costs of using the workforce.

- The value of the orders received remains on lower level than in the corresponding time of the previous year, and there is no clear change in demand for the better in the coming months, says Interim CEO Ilkka Miettinen. - The uncertainty of demand in market areas important to Kesla has continued as interest rates remain high and the geopolitical situation remains unstable.

The aim of the negotiations is to streamline the organizational structure, which affects not only the number of personnel but also employee positions. In the change negotiations, we cooperate with the personnel, in order to find the most suitable end result from the strategy perspective.

In September 2023, the company announced a new strategy aimed at significant growth and improved profitability. This also means renewing the organizational structure and introducing new operating models and methods.

Kesla estimates that the change negotiations will mean dismissal or retirement of a maximum of twentyfive persons. In addition, adjustment may mean temporary layoffs that are either shorter or valid until further notice.

Joensuu 11th of April, 2024

Kesla Oyj


More information
Interim CEO Ilkka Miettinen, +358 50 384 8318


Kesla - Your Responsible Partner

Kesla is a responsible partner that develops machinery, technology and services for the sustainable success of its customers, both in and outside the forest. Kesla’s business operations are focused on three business areas: tractor attachments, logging equipment and truck and industrial cranes. In 2023, the Group’s turnover was €55,4 million, of which 59% was attributable to export operations. Established in 1960, Kesla has production facilities in Joensuu, Kesälahti and Ilomantsi as well as a sales office in Appenweier, Germany. Kesla currently employs around 260people. Kesla’s A series shares are listed on the Nasdaq Helsinki Ltd.