Valmet had planned changes to its manufacturing in Sweden and Poland and had initiated change negotiations in its Global Supply unit concerning the planned closure of manufacturing at its Sundsvall site in Sweden. In addition, Valmet started negotiations about proposed changes to its Global Supply unit's operations in Gothenburg, Sweden, and Jelenia Góra, Poland. The purpose of the planned changes was to support Valmet's long-term competitiveness of its Biomaterial Solutions and Services segment and the efficiency of its global manufacturing network, in line with the company's Lead the Way strategy.
As uncertainty in the global economy remained high and continued to impact customers' decision making, the company planned to assess actions that would enable it to adapt to the market situation. These plans concerned at maximum 170 roles in Sundsvall, at maximum 55 roles in Gothenburg and at maximum 130 roles in Jelenia Góra. Valmet drove global competitiveness through its Global Supply unit and targeted EUR 100 million in cost efficiencies from procurement, logistics and the optimization of production by 2030.
The planned actions in Sweden and Poland represented main footprint-related measures currently identified in the Global Supply unit. As a result of these planned changes, Valmet estimated the potential annual run-rate net cost savings would be approximately EUR 20 million, with full run-rate achieved by early 2027. The planned closure of the manufacturing in Sundsvall and proposed changes in Gothenburg and Jelenia Góra would be discussed with employee representatives in both countries according to local legislation and practices.
Valmet was committed to working closely with its employees and their representatives to ensure a smooth negotiation process and would provide support to employees throughout the planned change. Valmet was also focused on ensuring uninterrupted deliveries and project execution to the customers.