Valmet to start change negotiations regarding Services and Paper business lines, EMEA area organization and parts of corporate functions

Valmet starts change negotiations on February 15, 2024 that affect certain parts of Services and Paper business lines, EMEA (Europe, Middle East, Africa) area organization and corporate functions. These negotiations include a plan to consider measures aimed at improving the profitability and competitiveness of the business operations, as well as adapting to the changing market situation. The planned measures affect mainly Finland and Sweden.

The plan includes restructuring organizational structures, development of ways of working and adjustment of personnel to the work situation. According to company´s preliminary view, the plan includes permanent and temporary layoffs. The estimated number of permanent reductions is approximately 130 positions. The exact details regarding the extent and targeting of the potential layoffs will be clarified during the negotiation process.

Valmet employes approximately 6,900 people in Finland and 1,800 in Sweden.