Valmet’s withdrawal from Russia is progressing
Valmet Oyj’s press release on June 3, 2022 at 4:00 p.m. EESTValmet has progressed in reviewing its operations in Russia and implementing its exit plan. Already in the spring, the company decided not to make any new sales projects in Russia. In addition, it canceled EUR 70 million of its order backlog on March 31, 2022. During the latter part of the spring, the evaluation of the options related to the withdrawal has progressed, and the company has initiated employee reductions, which will result in a 50 percent reduction in the number of employees in Russia in this first implementation