“We have for a time been struggling with decreasing order volume in Sweden and with a difficult market situation that has led to large losses and redundancies. Because of this and as part of the new strategy we are working on we now give notice to a total of 12 people within the Swedish bioenergy business. Our activities in the UK and Germany, where the market is significantly better, are unaffected by these measures”, says Rolf Hasselström, CEO of Opcon AB.
The final cost for the layoffs cannot be determined until final negotiations has taken place but are expected to amount to close to 10 m SEK, which will reserved in the final accounts for 2015.
The organization and administrative structure is also being reviewed, with the backdrop that the organization of the parent company after the sale of the operations within the Compressor Technology and Waste Heat Recovery is now oversized, making further cost reductions necessary. Opcon expects the review to lead to further measures with accompanying costs. The Company also sees a risk that the review may lead, depending on the strategic choices made, to additional costs and change in value.
Within the bioenergy sector, Opcon offers everything from the design of complete combined heat and power (CHP) plants to handling systems and incineration plants under the Saxlund brand. Under the SRE brand, systems are supplied for treatment and improved energy efficiency for bioenergy-powered district heating plants, sawmills, pellets producers and commercial greenhouses. The offer also includes flue gas condensation equipment for industrial activities.