Gränichen/Switzerland,1 June 2015 - Zehnder Group, which operates internationally in the indoor climate sector (radiators and ventilation), is introducing a comprehensive package of measures to reduce its cost base and boost efficiency, sales and earnings to adapt to its more challenging business environment.
These measures will include a 10% headcount reduction over the next 12 months. Stagnation in the construction industry, reduced demand in the radiator business and negative currency influences make these steps necessary. Strategic investments and projects will continue.