Gränges is a global leader in aluminium rolling and recycling in selected niches. We’re committed to creating circular and sustainable aluminium solutions in partnership with our customers and suppliers - for a better future.
Gränges is a global leader in aluminium rolling and recycling. We help customers grow and transition to climate neutrality. Our products enable efficient climate control in transportation and buildings, electrification and battery components, recyclable packaging, and more.
Gränges Endure is our product brand for aluminium solutions that combine the highest technical and sustainability performance.
Gränges’ ambition is to create circular and sustainable aluminium solutions for a better future. Sustainability, alongside people and safety, is a key driver of the company’s long-term competitiveness and value creation. These elements are at the core of Gränges’ business and strategy, emphasizing their central role in differentiating the company within the industry.
Investor Relations Director
Anna Hedenberg
anna.hedenberg@granges.com +46 76 869 96 48
Working at Gränges means being surrounded by proud, talented and motivated colleagues – in a safe work environment. Our success is based on extensive industrial craftsmanship and highly employees.
Today 3,500 employees make up Gränges Group in three regions: Americas, Asia and Europe. Gränges is a global company with local presence. Are you joining the team?
Here we have brought together our press releases, financial reports and images. Gränges aims to provide open and clear information disclosure. You are very welcome to contact us if you have questions.
VP Communication & Investor Relations
Sara Lander Hyléen
sara.hyleen@granges.com +46 709 16 16 41
As part of improving efficiency and adapting Gränges Europe's operations to current market conditions, a decision has been made on organizational changes in the Swedish operations. The new organization aims to strengthen Gränges Europe's customer offer and long-term competitiveness. As a part of the reorganization, reductions will be made, and Gränges Europe has today announced notices of redundancy in the operations in Finspång affecting 75 positions in total.
"We are constantly working to improve efficiency and develop Gränges Europe's operations. We are now implementing an organizational change to further adapt the operations to current market conditions, broaden our sustainable product offer, improve efficiency and implement competence shift. The organizational change aims to strengthen Gränges Europe's long-term competitiveness and contribute to continued growth," says Jörgen Abrahamsson, President Gränges Europe.
As a part of the reorganization, a notice of redundancy has been announced that will affect 75 positions in total, whereof 50 positions within the blue-collar organization and 25 within the white-collar organization in Sweden.
The decided measures are expected to entail costs totalling SEK 25 million in the third quarter 2020.
Negotiations with union representatives have begun and before the end of December 2020 all the employees affected are estimated to have been informed.
As of 31 July 2020, Gränges Europe had 461 employees in Sweden, of which 307 blue-collars and 154 white-collars.
For further information, please contact:Jörgen Abrahamsson, President Gränges Europejorgen.abrahamsson@granges.com,tel: +46 122 833 09
Magnus Lindahl, Communications Managermagnus.lindahl@granges.com,tel: + 46 701 438 671
For financial questions, please contact:Johan Dufvenmark, VP Group Treasury & Investor Relationsjohan.dufvenmark@granges.com,tel: +46 705 97 43 75
The information in this press release is such information that Gränges is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on Wednesday, 26 August 2020 at 09:00 CET.
About GrängesGränges is a leading global supplier of rolled aluminium products for heat exchanger applications and other niche markets. In materials for brazed heat exchangers Gränges is the global leader with a market share of approximately 20 per cent. The company develops, produces and markets advanced materials that enhance efficiency in the customer manufacturing process and the performance of the final products. The company's geographical markets are Europe, Asia and the Americas. Its production facilities are located in Sweden, China and the United States, and have a combined annual capacity of 460,000 metric tonnes. Gränges has 1,800 employees and net sales of SEK 12 billion. The share is listed on Nasdaq Stockholm. More information on Gränges is available at www.granges.com.
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