Valmet's Strategic Restructuring: Navigating Industry Challenges
Monday, Oct 21, 2024 5:20 am ET
1min read Valmet Oyj, a global leader in process technologies, automation, and services for the pulp, paper, and energy industries, recently completed change negotiations in its Paper business line's Board and Paper Mills business unit. The restructuring, aimed at improving profitability and competitiveness, has resulted in significant changes within the Finnish operations of this critical business unit.
The negotiations, initiated on September 5, 2024, covered approximately 1,300 employees in Finland, with no impact on other organizations or employees in the Paper business line. The plan included restructuring organizational structures, developing ways of working, and adjusting personnel to the work situation. Potential measures considered temporary and permanent layoffs, retirements, and internal work arrangements within Valmet.
As a result of the negotiations, the employment of 112 people will end, with fixed-term position terminations, retirements, and internal transfers to other positions within Valmet. Additionally, the business unit will implement temporary layoffs lasting up to 90 days during the first half of 2025. Valmet supports the redeployment of laid-off persons by offering personal career coaching.
The change negotiations align with Valmet's long-term strategy for its Paper business line and overall financial goals. The company aims to adapt to the changed market situation, improve profitability, and maintain its competitive edge in the global process industries. By streamlining operations and optimizing its workforce, Valmet seeks to enhance its competitiveness and ensure sustainable growth.
In conclusion, Valmet's strategic restructuring in its Paper business line's Board and Paper Mills business unit is a proactive response to industry challenges. The changes aim to improve profitability and competitiveness, ultimately strengthening Valmet's position in the global process industries. As the company continues to navigate the evolving market landscape, its commitment to continuous improvement and renewal remains unwavering.
The negotiations, initiated on September 5, 2024, covered approximately 1,300 employees in Finland, with no impact on other organizations or employees in the Paper business line. The plan included restructuring organizational structures, developing ways of working, and adjusting personnel to the work situation. Potential measures considered temporary and permanent layoffs, retirements, and internal work arrangements within Valmet.
As a result of the negotiations, the employment of 112 people will end, with fixed-term position terminations, retirements, and internal transfers to other positions within Valmet. Additionally, the business unit will implement temporary layoffs lasting up to 90 days during the first half of 2025. Valmet supports the redeployment of laid-off persons by offering personal career coaching.
The change negotiations align with Valmet's long-term strategy for its Paper business line and overall financial goals. The company aims to adapt to the changed market situation, improve profitability, and maintain its competitive edge in the global process industries. By streamlining operations and optimizing its workforce, Valmet seeks to enhance its competitiveness and ensure sustainable growth.
In conclusion, Valmet's strategic restructuring in its Paper business line's Board and Paper Mills business unit is a proactive response to industry challenges. The changes aim to improve profitability and competitiveness, ultimately strengthening Valmet's position in the global process industries. As the company continues to navigate the evolving market landscape, its commitment to continuous improvement and renewal remains unwavering.
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