Danish Furniture Maker Flexa Will Relocate Factory to Estonia
OREANDA-NEWS. March 25, 2010. The Danish manufacturer of children's furniture Flexa intends to shift production to
In the course of restructuring of the Flexa group a plant will be relocated from
Plans are for the Danish factory to continue working till the beginning of July and for the Estonian unit to fully take over its tasks in late summer. Flexa Eesti that currently employs 210 people plans to hire up to 30 new workers.
Paas said the last two years have been very difficult for the Estonian unit. "We have become considerably more cost-effective, but what we need to achieve in order to continue properly working is turnover," she said.
The company ended last year with loss, she admitted but did not disclose the figures.
Flexa Eesti made a loss of 89.3 million kroons (EUR 5.7 mln) in the business year ended October 2008 after posting a profit of 23.8 million kroons a year earlier.
Flexa
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