Grundfos announced the next step in their global transformation to strengthen its position as one of the world’s leading water technology companies, pioneering solutions to the world’s water and climate challenges and improving quality of life for people.
In responding to trends in changing customer needs by reorganising for simplicity and speed, and by investing significantly into innovation and digital capabilities, the company is also organising its sales, marketing, technology and operations functions to serve four different customer segments: Commercial Building Services, Domestic Building Services, Industry, and Water Utility.
This creates a more customer centric structure, where the whole value chain is focused on meeting customers’ unique needs. 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 position of strength.
Jens Moberg, Chairman of the Holding 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 changes to put our strategy into action.”
This transformation results in a reduction of approximately 600 employees worldwide. In line with its values, Grundfos will treat its employees with the utmost respect and provide them with support.
Since the birth of the business back in 1945 Grundfos has changed many times to ensure their success and now is no different as they take these important moves to proactively put their strategy into action and better fulfil their purpose.