Invacare Corporation Transfers Küschall Wheelchair Production from Switzerland to France

Tuesday, February 13, 2018

Invacare Corporation announced that it will transfer production of Küschall® manual wheelchairs from its facility in Witterswil, Switzerland to its wheelchair manufacturing facility in Fondettes, France by the end of the third quarter 2018. This move will allow the company to better optimize its wheelchair manufacturing facility in France. The front office of the Swiss facility will remain open and continue to serve as Invacare’s European headquarters and research and development center of excellence, as well as the Swiss sales office.

“This transfer is another step forward in Phase Two of our transformation, which leverages our existing global infrastructure to reduce costs and further increase efficiencies. We now have announced the transfer of localized wheelchair manufacturing production from Sweden and Switzerland to a central wheelchair manufacturing facility in France. We are creating a leading European wheelchair manufacturing facility that is centrally located to our European customers. We will maintain the high-quality product standards and great service that our customers have come to expect from us,” said Matthew E. Monaghan, chairman, president and chief executive officer.

Invacare has completed its consultations with Küschall employees and will proceed with activities to transfer wheelchair production to France. The transfer is expected to generate an incremental $1.7 million in annualized pre-tax savings in the Europe business segment. Due to this realignment, the company expects to incur restructuring charges and related operating costs of approximately $1.1 million on a pre-tax basis in the Europe business segment. Cash restructuring charges will be paid in the third quarter 2018. Consistent with the company’s commitment to minimize the impact on longstanding associates, transition assistance will be provided to affected employees.

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