Valmet to start personnel negotiations on temporary layoffs at its valve factory in Finland
Valmet Oyj’s press release on May 23, 2022 at 6:00 p.m. EESTThe geopolitical situation caused by the crisis in Ukraine and the intensified COVID-19 restrictions in China have reduced the orders at the valve factory in Helsinki, Finland, during spring. The exceptional situation has particularly impacted the factory’s oil and gas projects. The impact of the COVID-19 pandemic in China also continues to cause challenges related to component availability and logistics. To adjust production capacity to match the reduced workload at the valve factory in Helsinki, Valmet is initiating personnel