TERMA ADJUSTS THE ORGANIZATION

Lystrup, Denmark - Today, 35 employees in Terma’s departments in Lystrup, Herlev, Grenaa, and outside Denmark have been dismissed: 33 salaried employees and 2 employees under ‘CO’-staff agreement.

The dismissals are owed to organizational changes in some departments combined with changes in the market conditions for several Business Areas. As a consequence, there is a need for an adjustment of the staff level and the composition of competencies.

“It is regrettable but necessary for the continued development of the Group. Following several years of growth and an increasingly global setup, we are forced to adjust the composition of competencies to ensure a continued optimum cost structure and preparedness for an expected continued growth, says Terma’s President & CEO Jens Maaløe. He adds that Terma will assist the dismissed employees in order for them to find new jobs soon.

Terma’s fiscal year 2018/19 will come to a close at the end of February, and the Group’s Financial Statements will be published in connection with the Annual General Meeting in late May this year.