Media: The large store ran into problems for the log house manufacturer

Log houses Kontiotuote oy, which manufactures and villas, has run into serious problems with the large deals it has signed recently.

Be the first to report on it Kaleva and also told about it Trade magazine.

Kontiotuote has started extensive layoffs that affect all of its 213 employees and executive management.

“Many employees work weeks of different lengths during the layoff, depending on the work situation,” said the company’s CEO Mika Rytky For Kauppalehti.

Called a “container”. in August 2024, the company signed the largest framework agreement in its history with an international client. The contract is worth around 250 million euros.

The company said then that the seven-year contract covers the log structures of around 10,000 apartments.

So far even the first test building has not been delivered to the customer, because the customer wanted changes to the test building, Rytky told Kauppalehte.

However, Rytky denied that the deal had failed. He assured that the negotiations on the details of the project will continue.

Kontio has not wanted to tell the buyer of the framework agreement concluded in Southern Europe or the exact target country.

However, there is some information about the store. Rytky told Kauppalehti that Kontio will deliver 28 holiday homes to the Elatos Resort & Health Club located in Greece.

The company said the second object was located outside Europe.

The basis of the agreement is a privacy-conscious Forbes-listed billionaire who doesn’t want to be named.

Container has had to resort to layoffs before. Difficulties in the construction industry and the collapse of trade with Russia have disciplined the company.

The company’s factory is located in Pudasjärvi, where we were relieved about the giant trade in August. It was felt to dispel the uncertainty related to Kontio’s future and lead the company through the recession of the construction industry.