International. Grundfos announced the next step in its global transformation to strengthen its position within the industry.
The company revealed that it is organizing its sales, marketing, technology and operations functions to serve four different customer segments: commercial building services, home building services, industry and water services. This creates a more customer-centric structure, where the entire value chain is focused on meeting the unique needs of customers.
Even though the COVID-19 pandemic has had a significant impact on markets globally in the first half of 2020, Grundfos is making these changes from a strong position.
Jens Moberg, Chairman of the holding's board of directors, stated: "Our strong performance allows us to make these changes from a position of strength. Now is the right time for us to make the necessary changes to implement our strategy."
This transformation results in a reduction of approximately 600 employees worldwide. In accordance with its values, Grundfos will treat its employees with the utmost respect and support.
Jens Moberg: "It will be very sad to see some of our colleagues leave us at this crucial time, and I would like to thank everyone for their hard work and loyalty. We will make sure to take care of them as they have taken care of us and our customers during their time at Grundfos."
"I am proud of the company we are today, built by the people of Grundfos on the solid foundations of the Poul Due Jensen family. Since the birth of the business in 1945, we have changed many times to ensure our success. Now it's no different, we're taking these important steps to proactively put our strategy into action and better deliver on our purpose."
