Thermia

Type
Internal restructuring
Country
Sweden
Region
Norra Sverige; Norra Mellansverige; Värmlands län
Location of affected unit(s)
Arvika
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.2 - Manufacture of other general-purpose machinery
28.21 - Manufacture of ovens, furnaces and permanent household heating equipment
43 jobs
Number of planned job losses
Job loss
Announcement Date
6 March 2024
Employment effect (start)
6 March 2024
Foreseen end date
6 July 2024

Description

The heat pump manufacturer Thermia, owned by the german company Stiebel Eltron, is dismissing 43 consultants from their factory in the Swedish town Arvika. This due to a decreasing number of sales within the heat pump industry. In December 2023, an initial 29 consultants were dismissed from the company for the same reason.

The CEO of the company, Magnus Glavmo, argues that EU and the member states must prioritize fossil free energy, but that the current low prices on gas will continue to contribute to a negative trend on the heat pump market.

Thermia manufactures heat pumps for residential use as well as industrial use and employed almost 280 persons in Sweden in 2022.

Sources

Citation

Eurofound (2024), Thermia, Internal restructuring in Sweden, factsheet number 200932, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200932.