Valmet will start change negotiations in Finland in accordance with the Finnish Co-operation Act on May 4, 2026. The plan under negotiations may include temporary layoffs of less than 90 days.
The planned measures relate to parts of Valmet’s Packaging and Paper; and Pulp, Energy and Circularity business areas, as well as certain functions and the Global Supply unit. The potential temporary layoffs would be implemented from June 2026 until the end of December 2026.
The planned actions aim to safeguard profitability and competitiveness by adapting capacity to the lower-than-anticipated workload, which is partly due to customer-driven project delays, continued weak demand in paper and board machine markets, and continued softness in biomaterials services markets. The planned measures are temporary in nature and are expected to generate cost savings of approximately EUR 8 million in 2026.
The change negotiations cover a total of approximately 2,400 employees from all employee groups in the previously mentioned organizations in various Valmet locations in Finland. The final scope, timing and implementation of any measures will be specified during the negotiations.
Valmet has approximately 18,500 employees worldwide, of whom around 5,900 in Finland.