Valmet’s logo on the roof of its production facility in Tampere, Finland, in October 2017. The Finnish service and technology supplier for the pulp, paper and energy industries announced last week it is considering terminating roughly 130 jobs as part of an effort to improve competitiveness and profitability. (Vesa Moilanen – Lehtikuva)

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VALMET on Thursday revealed that it is considering terminating around 130 jobs in Finland and Sweden.

The Finnish supplier of services and technologies for the pulp, paper and energy industry said it is also weighing up temporary lay-offs in some of its corporate functions, paper and services business lines, and regional organisation for Europe, the Middle East and Africa.

The company will specify the extent and targeting of the lay-offs as the consultative negotiations move forward.

The cuts are weighed up as part of a plan to improve the profitability and competitiveness of business operations, as well as to adapt to the evolving market situation. The plan also entails the re-structuring of some organisational structures and development of ways of working.

Valmet employs about 6,900 people in Finland and 1,800 in Sweden.

The company reported earlier this month that its net sales, comparable earnings and comparable profit margin all increased from the previous year in 2023, despite stagnant order intake.

Aleksi Teivainen – HT

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