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"The required adaptation of production capacity is due to a reduced demand for kitchens for the new-build segment in Finland," Nobia said in a brief announcement.
Nobia, headquartered in Stockholm, Sweden, is Europe's leading kitchen company with manufacturing and sales operations in 10 countries. The company's brands include Magnet in the UK, HTH in the Nordic region, Hygena in France and Poggenpohl internationally. Nobia has 8,500 employees and annual net sales of SEK16bn.
One British pound (GBP) is worth approximately 11.62 Swedish kronor (SEK).
Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com
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