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.
The Finnish vehicle manufacturer Valmet Automotive has concluded cooperation negotiations concerning all of the workforce in the company’s factory in Uusikaupunki, Finland. The total reduction of workforce adds up to 940 employees, out of which approximately half will be temporary layoffs and the rest dismissals. The cooperation negotiations did not apply to the company’s battery manufacturing operations.
Valmet Automotive has given reduced customer demand as the underlying reason behind the redundancies. Towards the end of 2023 the company hopes to see an increase of 150 staff engaged in the production of the Mercedes-AMG GT-model.
Valmet automotive underwent a restructuring in 2022 in Uusikaupunki (Valmet 2022 -FI), resulting in 300 dismissals and 700 staff on temporary lay-off.
Valmet Automotive is a leading European contract manufacturer of vehicles and battery systems, with operations in Finland, Germany and Poland. The Finnish state-owned investment company Tesi is one of the largest shareholders. Valmet Automotive employs 14,000 persons globally and 4,197 in Finland at the end of 2021. After the cooperation negotiations are concluded, the Uusikaupunki factory will have 1,400 Valmet automotive staff.
Updated, 29/09/2025
Of the 940 job reductions, half were direct dismissals and the remainder temporary lay-offs. As a reaction to the abrupt structural change, the government of Finland supported Uusikaupunki financially with €2,2 million through the Regional Council of Southwest Finland. Southwest Finland has also seen a budget allocation of €400,000 of EU regional and structural funds.
Eurofound (2023), Valmet Automotive, Internal restructuring in Finland, factsheet number 108668, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108668.
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