Valmet Announces Change Negotiations to Enhance Operations
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Valmet Initiates Change Negotiations in Paper Business
Valmet Oyj, a key player in developing process technologies and automation services for various industries, is starting change negotiations that impact its Paper business line's Board and Paper Mills business unit. This unit is dedicated to the global development and delivery of advanced board and paper making technologies.
Reasons Behind the Negotiations
The negotiations aim to evaluate measures that could improve the profitability and overall competitiveness of the business operations. Earlier this year, the unit began adapting to shifts in the market climate, yet those preliminary actions were not enough to meet current challenges. Consequently, the new negotiation process will involve approximately 1,300 employees from the Board and Paper Mills business unit.
Scope and Impact of Changes
The discussions will revolve around restructuring organizational frameworks, enhancing working methods, and adjusting personnel according to the operational demands. Preliminary insights indicate potential outcomes that may include temporary and permanent layoffs, retirement options, and reassignments within Valmet. It is estimated that the number of permanent staff reductions could reach around 200 positions, but specific details about these layoffs will be fine-tuned through the negotiation dialogue.
Valmet's Workforce and Global Presence
Globally, Valmet employs over 19,000 professionals, with approximately 6,600 based in Finland. The company prides itself on being a leader in supplying cutting-edge services and solutions for various process industries, enhancing customer performance continually.
About Valmet
Valmet carries a rich industrial heritage that spans more than 220 years. The company has consistently prioritized continuous improvement and innovation. In the fiscal year of 2023, Valmet's net sales were reported to be around EUR 5.5 billion.
Connecting with Valmet
Valmet's shares are traded on the Nasdaq Helsinki, with its head office located in Espoo, Finland. The company actively connects with its audience through various online platforms, facilitating seamless communication and engagement.
Frequently Asked Questions
What are the primary reasons Valmet is starting these negotiations?
Valmet aims to enhance profitability and competitiveness in its Paper business line's Board and Paper Mills unit due to an insufficient adaptation to market changes.
How many employees are potentially affected by these negotiations?
Approximately 1,300 employees from the Board and Paper Mills business unit may be affected by these negotiations.
What types of measures are being considered during the negotiations?
The negotiations will explore various measures, including potential layoffs, retirements, and internal job reassignments to improve operational efficiency.
How many positions may be permanently reduced?
The preliminary estimates suggest that around 200 positions could be permanently eliminated as a result of the negotiations.
What is Valmet's presence in the global market?
Valmet has a workforce of over 19,000 employees worldwide, specializing in technologies and services for the pulp, paper, and other process industries.
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