Internal restructuring
Manner-Suomi; Etelä-Suomi; Varsinais-Suomi
Location of affected unit(s)
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

940 jobs
Number of planned job losses
Job loss
Announcement Date
10 January 2023
Employment effect (start)
1 April 2023
Foreseen end date
31 May 2023


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.



Eurofound (2023), Valmet Automotive, Internal restructuring in Finland, factsheet number 108668, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108668.