Valmet Automotive has concluded the change negotiations started on November 23, 2023 concerning all salaried and senior salaried personnel working in the Vehicle Contract Manufacturing business line.

As a result of the negotiations, the total number of redundancies will be 115, of which 20 are dismissals and the rest layoffs until further notice. The implementation of related measures will be started in January-February 2024.

The change negotiations were initiated due to a decrease in vehicle contract manufacturing services, which has led to a lower-than-expected number of new customer projects.

After the change negotiations, approximately 1,200 employees will continue to work at Valmet Automotive’s car plant in Uusikaupunki. The change negotiations did not concern the car plant production employees or the company’s battery plants.

Additional information:

Ira Silvendoin, HR Director, Vehicle Contract Manufacturing, Valmet Automotive
Reservations for interviews: assistant Nadja Doyle +358 50 317 0538

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www.valmet-automotive.com
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Valmet Automotive is a leading European manufacturer of electric vehicle battery systems, convertible roof and automotive kinematic systems (including electric vehicle charging flaps and active spoilers) for OEMs, and one of the largest vehicle contract manufacturers in the world. Strategically, Valmet Automotive focuses on electromobility through the development and manufacturing of battery modules and packs for electrified vehicles. The activities in the company are organized in three business lines: Vehicle Contract Manufacturing (VCM), EV Systems (EVS) and Roof & Kinematic Systems (RKS). The company has locations in Finland, Germany, and Poland. Since its founding in 1968, Valmet Automotive has produced 1.8 million vehicles at its plant in Uusikaupunki, Finland. Valmet Automotive also operates two battery systems plants in Finland (Salo, Uusikaupunki), and one in Germany (Kirchardt). The automotive roof and kinematic systems are manufactured in a plant in Zary, Poland. Valmet Automotive is certified CO2 neutral in its own operations since January 1, 2022 by the certification institute DNV. The company’s gross sales in 2022 amounted to EUR 2.8 billion (net sales EUR 604 million).