Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Valmet Automotive, a Finnish vehicle manufacturer, plans to recruit 400 workers for the Uusikaupunki production plant by January 2020. According to the company, this large-scale recruitment is needed as the production volumes have been rising since the end of summer 2020.
Due to the COVID-19 emergency, the recruitment will be held online and it will focus on areas of the country with high unemployment levels. The source also mentions that 'additional staff will be hired for all production plants at the car plant' (for example body welding shop, paint shop, assembly and internal logistics) and that the company will train all the applicants for their positions.
In addition to recruitment for the Uusikaupunki production plant, Valmet Automotive has also announced that it will open a new battery plant in Uusikaupunki by 2021. At the time of writing there is no information available regarding how many people will be recruited to the battery plant.
In April 2019, Valmet Automotive was reported to have started the recruitment process of 700 employees for the production plant in Uusikaupunki, while at the beginning of summer 2020 the company announced that over 1,000 employees would have been temporarily laid-off due to the negative effect of the COVID-19 crisis,
Eurofound (2020), Valmet Automotive , Business expansion in Finland, factsheet number 102402, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102402.
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