Valmet to Initiate Temporary Layoffs in Packaging and Paper Business Amid Market Challenges

Valmet Oyj has announced that it will start change negotiations concerning temporary layoffs affecting approximately 1,100 employees in its Paper business line, specifically within the Board and Paper Mills business unit in Finland. The layoffs, planned for less than 90 days, are a response to decreased workload and the company's efforts to improve profitability amid evolving market conditions in the packaging and paper sector. This follows earlier restructuring steps that included the reduction of around 112 permanent positions in Finland within the same business unit. Valmet emphasizes its commitment to support affected employees through career coaching and internal transfers during this transitional phase. This move aligns with Valmet's broader strategy to enhance operational efficiency and maintain competitiveness in the global pulp, paper, and packaging market.