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Balco Group Axes 10% of Workforce Amid Efficiency, Cost-reduction Plans

MT Newswires·09/17/2026 06:09:39
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06:09 AM EDT, 09/17/2026 (MT Newswires) -- Balco Group (BALCO.ST) said Thursday that it reduced its workforce by just over 10% since spring as part of group-wide efficiency and cost-reduction measures. The Swedish balcony manufacturer expects the measures, which also include operational and geographical streamlining and consolidation, to start having an impact during the fourth quarter, while work to boost operational efficiency continues.