Valmet Automotive has concluded the change negotiations started on January 16, 2023 concerning all personnel in its Vehicle Contract Manufacturing business line at the Uusikaupunki car plant. Based on the alternatives discussed in the change negotiations, Valmet Automotive will implement changes in job descriptions, lay-offs until further notice and dismissals.
The total reduction need is 940 employees, of which approximately half will be layoffs until further notice and the rest are dismissals. The measures will be implemented in late April – early May. The change negotiations were initiated due to decrease in the car plant’s order backlog.
The production of the Mercedes-AMG GT model is estimated to employ about 150 people, beginning later this year. After the change negotiations, approximately 1,400 employees will continue to work at Valmet Automotive’s car plant in Uusikaupunki.
The change negotiations did not concern the company’s battery plants.
Pasi Rannus, Senior Vice President, Contract Vehicle Manufacturing, Valmet Automotive
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The Valmet Automotive Group is a leading European manufacturer of electric vehicle battery systems and automotive kinematic systems (including electric vehicle charging flaps and active spoilers) for OEMs, as well as being one of the largest vehicle contract manufacturers in the world. In its strategic development, Valmet Automotive Group focuses on electromobility through the development and manufacturing of battery modules as well as packs for electrified vehicles. The activities in the group are organized in three business lines: Vehicle Contract Manufacturing (VCM), Electric Vehicle Systems (EVS) and Roof & Kinematic Systems (RKS). Since its founding in 1968, Valmet Automotive has produced more than 1.8 million vehicles at its plant in Uusikaupunki, Finland. Valmet Automotive also operates two battery systems plants in Salo, Finland and Uusikaupunki, Finland and a third in Kirchardt, Germany. The company has locations in Finland, Germany, and Poland. Valmet Automotive’s largest shareholders are the state-owned Finnish investment company Tesi and the Pontos Group, each with a stake of 38.46%. 23.08% is held by the Chinese Contemporary Amperex Technology Limited (CATL), the world leading manufacturer of battery cells for electric vehicles.