Glen Dimplex’s primary Irish division posted a pretax loss last year, as the heating and electrical goods manufacturer grappled with declining demand for heat pumps across Europe and initiated a sweeping transformation of its operations.

According to newly filed accounts from Glen Dimplex Europe Holdings, turnover fell by over 9% to €875.2 million for the 12 months ending September. The company also recorded restructuring expenses exceeding €26 million—more than double the €12.4 million reported the previous year. These costs are tied to its ongoing “transformation programme,” which includes streamlining its flame and consumer appliance segments, directors noted.

In February 2024, Glen Dimplex announced a significant overhaul of its Irish operations. As part of the changes, production of its gas and electric fire products will shift from its facility in Dunleer, Co Louth, to a manufacturing partner in China—bringing an end to the company’s production activities in the town.

The company has begun a consultation process with employees at the Dunleer site, where approximately 70 redundancies are being proposed.