Finnish car factory Valmet to cut 940 jobs

Massive round of layoffs

Finnish carmaker Valmet Automotive is forced to scrap up to 940 jobs. The reorganization relates entirely to the department of the company that makes cars for other parties.

You may know Valmet Automotive as the Finnish company that built various Saab models between 1969 and 2003. Opel (Calibra) and brands such as Lada (Samara Baltic), Fisker (Karma) and even Porsche (Boxster and Cayman) also had cars built here. Valmet Automotive is currently screwing together the A-class for Mercedes. It would also have a customer in the Dutch Lightyear. Would, indeed. Production of the Lightyear 0 was halted in January. Valmet Automotive is now announcing a reorganization in which up to 940 jobs are at stake.

Valmet Automotive reports that about half of the 940 jobs have been cut until further notice and the other half are actually being eliminated. The layoffs all fall within the division that Valmet Automotive calls ‘Vehicle Contract Manufacturing’, the branch that produces cars for third parties. Later this year, Mercedes-Benz will also have the AMG GT 4-Door Coupé built by Valmet Automotive, which will increase the number of Benzen built to two. The AMG GT 4-Door Coupé has been built in Sindelfingen until now, but is disappearing from the production portfolio there.

After the reorganization, according to the Finnish company, 1,400 people still work at its car factory in Uusikaupunki. According to Valmet, the reorganization is necessary because of the ‘decrease in the order book.’ So too few orders are coming in.

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