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Valmet plans temporary layoffs in Finland amid capacity adjustments
Yahoo Finance· 2025-11-06 15:28
Group 1 - Valmet is initiating change negotiations for temporary layoffs affecting over 950 employees in its Finnish operations, primarily in Jyväskylä, Tikkurila, and Raisio, starting on 10 November 2025 [1][4] - The layoffs aim to align capacity and enhance cost efficiency within the packaging and paper business area and the global supply unit, with implementation planned for the first half of 2026 [2][3] - The negotiations will include all employee groups in the packaging and paper machines unit and the manufacturing unit's machine workshop and foundry in Jyväskylä [3][4] Group 2 - Valmet employs 19,000 people globally, with 6,000 based in Finland, indicating a significant portion of its workforce is affected by the negotiations [4] - The company previously completed change negotiations in 2024 within the board and paper mills business unit in Finland, aimed at enhancing profitability and competitiveness [4]