Uponor Plans Hundreds of Layoffs

Finnish plumbing and heating supplier Uponor announced Tuesday it plans to cut over 200 jobs around the world by the end of next year.
The cuts are part of a cost reduction programme to deal with continued weak performance and low demand. The company hopes to save some 30 million euros beginning next year.

Also on Tuesday, Uponor announced net sales for the second quarter fell by 7.4 percent, to 267 million euros, compared to the corresponding period last year.

Uponor employs some 4,200 people.