Valmet supplies various services for the paper and energy industries. Credit: Postmodern Studio via Shutterstock.

Valmet, a supplier of pulp and paper technologies and automation services, has announced the commencement of change negotiations starting yesterday (5 September).

The negotiation impacts its Paper segment line’s Board and Paper Mills business unit in Finland.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The unit, responsible for developing and delivering board and papermaking lines and technologies worldwide, will engage in discussions to improve the profitability and competitiveness of its business operations. 

Earlier this year, the business unit started actions to adapt to the evolving market situation but these have been deemed insufficient. 

The negotiations will encompass all employees within the Board and Paper Mills business unit, totalling approximately 1,300 individuals.  

See Also:

These talks are not expected to affect other divisions or employees within the Paper business line.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The proposed plan includes a restructuring of organisational structures, refinement of operational methods, and adjustments in staffing levels to match work requirements.  

Valmet’s preliminary assessment suggests the possibility of temporary and permanent layoffs, retirements, and internal job reallocations. 

The anticipated permanent staff reductions could reach roughly 200 positions.  

However, the specifics of the temporary and permanent layoffs will be determined throughout the negotiation process.  

Valmet employs more than 19,000 individuals globally, with approximately 6,600 based in Finland. 

The company engages in developing and supplying process technologies, automation, and services for the pulp, paper, and energy industries. 

In 2023, Valmet registered net sales of approximately €5.5bn ($6.11m). 

Recently, the company announced the opening of a new service centre in Beihai, China.