Finnish industrial company Valmet has announced plans to potentially close its manufacturing operations in Sundsvall, Sweden, putting up to 170 positions at risk. The company made the announcement on Monday afternoon through a press release, stating it is initiating negotiations about the possible closure.
According to Valmet, the changes could affect up to 170 roles within the unit, which currently employs approximately 500 people in Sundsvall. The company stated that the purpose of the potential closure would be to strengthen its long-term competitiveness and streamline its global manufacturing network. Valmet cited the uncertain economic situation as a factor in the decision.
the purpose of the potential closure is to strengthen its long-term competitiveness and streamline its global manufacturing network
The organizational changes will now be negotiated with union representatives, and the final decision about how it will affect employees will only be clear when negotiations are completed. Valmet has indicated it will offer support to those affected.
Valmet's Sundsvall operations deliver processes and equipment for pulp production and biomass conversion. In Sweden, the company has about 1,700 employees and globally employs approximately 18,500 people.
the uncertain economic situation as a factor in the decision
the final decision regarding how it will affect employees will be determined once negotiations are completed
Valmet has indicated it will offer support to those affected by the changes