News / 2.4.2024

Helen’s change negotiations have been completed

Helen’s change negotiations have been completed. The key goal of the negotiations was to ensure the profitability of the businesses.

The negotiations concerned the Product Management and B2B Sales units under the 'Customers and services' business as well as the BSE Customer Solutions and Remote Control work unit of the 'Heating and cooling' business. Helen's purpose in carrying out these adjustment measures was to seek business profitability in 2025 and allocate resources to growth areas.

The scope of the negotiations covered 76 people. The outcome of the negotiations is the termination of 43 employment contracts. As a consequence of mitigating measures, the number of terminations for financial and production-related reasons is estimated to be two at most.

We updated our product range 

In 2023, we updated our strategy to support the company’s long-term competitive strength and the green transition. The implementation of the strategy will focus on flexibility and profitability. Profitability as a strategic choice will ensure sufficient resources for investing in the green transition. Helen’s goal is carbon neutral energy production by 2030. 

The updated strategy also means a reorganisation of the company into business units that will be accountable for the results of their respective activities. Each business unit has specified its business plans in line with the new strategy in the short, medium and long term. 

We have updated our product range in accordance with the business plans. Geothermal heat solutions and exhaust air heat pump implementations will be removed from our product range. Customised solar power plants will also no longer be offered. We will, however, ensure that maintenance for previously implemented projects will continue to be provided. Our subsidiary Geonova will continue to offer geothermal heat solutions as before.

Read more about our subsidiary Geonova’s geothermal heat solutions in Helsinki (in Finnish) a

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