Valmet to start co-determination negotiations for temporary lay-offs in Finland

Move to counter reduced workload due to Covid-19 pandemic

117
Valmet
(Image: JJ Ying on Unsplash)

The global Covid-19 pandemic continues to cause uncertainty in Valmet’s operating environment. This has impacted especially the workload in the services business, which is done close to customers.

During the year, Valmet has strived to balance the workload of the services employees by moving employees to other parts of the company, reducing new recruitments, and by utilizing vacations. Also, temporary lay-offs have already been realized earlier this year.

Due to financial and production-related reasons, especially because of the decreasing workload, the company starts co-determination negotiations for temporary lay-offs in Finland on November 24, 2020. The employees under negotiations are Services business line’s employees in Finland and the employees of the EMEA area organization in Finland. The lay-offs are going to be temporary, and they are estimated to last up to 90 days at maximum.

At this point, it is estimated that the need for temporary lay-offs concerns around 360 employees. The targeting of the lay-offs and the number of impacted employees will be finalized during the co-determination negotiations.

Valmet employs about 5,200 people in Finland, of which about 1,680 employees in services business line and EMEA area organization.

Valmet is a global developer and supplier of process technologies, automation, and services for the pulp, paper, and energy industries. Its strong technology offering includes pulp mills, tissue, board, and paper production lines, as well as power plants for bioenergy production. Its advanced services and automation solutions improve the reliability and performance of our customers’ processes and enhance the effective utilization of raw materials and energy.

Valmet’s net sales in 2019 were approximately EUR 3.5 billion (approximately Rs 30,848 crore). Its head office is in Espoo, Finland, and its shares are listed on the Nasdaq Helsinki.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Indian Printer and Publisher’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here