Valmet Automotive

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Etelä-Suomi; Varsinais-Suomi
Location of affected unit(s)
Uusikaupunki
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
1,500 jobs
Number of planned job losses
Job loss
Announcement Date
1 July 2003
Employment effect (start)
Foreseen end date

Description

Valmet Automotive has started co-operation talks in order to lay off rest of the employees, i.e.: 800 persons. The previous negotiations took place in April resulting in 700 lay offs for about a year. This was due to the end of producing SAAB cars. This time the decrease of production concerns Porsche Boxter.In autumn the number of produced cars will drop from 70 to 50 cars/day. The production is being adapted to the demand. Besides the fixed term lay-offs also training possibilities will be examined.

Sources

  • 1 July 2003: Helsingin Sanomat

Citation

Eurofound (2003), Valmet Automotive, Internal restructuring in Finland, factsheet number 59283, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59283.