Valmet continues to improve the competitiveness of its stable business

Valmet continues measures to improve the long-term competitiveness of its stable business especially related to Mill Improvements and Rolls and Workshop Services business mainly in EMEA. The aim is to improve the profitability and competitiveness of the respective businesses by optimizing the local presence globally and streamlining the way to operate.

The measures are planned to be implemented during 2020 and they may include permanent lay-offs and the restructuring of selected operations. In total the estimated amount of headcount reductions is up to 200 positions. Valmet’s stable business employs altogether approximately 8,300 persons globally.