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Kempower to Cut Up to 120 Jobs Amid Organizational Restructuring

MT Newswires·11/04/2026 02:12:51
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02:12 AM EST, 11/04/2026 (MT Newswires) -- Kempower (KEMPOWR.HE) launched an organizational restructuring program that would affect up to 120 employees globally, including a maximum of 80 in Finland. The electric vehicle charging equipment maker will start change negotiations on Nov. 11, which are expected to concern 420 employees, according to a Wednesday release. Final decisions will depend on the conclusion of the change negotiations. The changes, expected to take effect in January 2027, are estimated to save more than 15 million euros annually for the company, with full run-rate effect starting in the third quarter of 2027.