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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
300 jobs Number of planned job creations
Announcement Date
30 August 2013
Employment effect (start)
1 September 2013
Foreseen end date
Description
Valmet Automotive, the only manufacturer of passenger cars in Finland, has announced a hiring of additional 300 employees during 2013-2014. The expansion is due to a contract between Daimler and Valmet to manufacture over 100,000 Mercedes Benz cars in Valmet's Uusikaupunki plant during 2013-2016. The company will also reactivate employees who have been laid off temporarily. For information on a previous restructuring case see Valmet Automotive 2011.
Sources
30 August 2013: Taloussanomat
Citation
Eurofound (2013), Valmet Automotive, Business expansion in Finland, factsheet number 75816, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75816.
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