Valmet Begins Negotiations for Temporary Layoffs in Finland

Technology company Valmet starts temporary layoff negotiations on Monday, November 10. The talks affect operations in Finland under the country's cooperation law. The negotiations cover staff in the Packaging and Paper Machines business unit. Employees at the Jyväskylä machine hall and foundry are also involved. These facilities operate under the Global Supply Chain P&P Manufacturing unit. The changes could impact numerous workers in central Finland. Valmet operates globally but maintains strong Finnish roots. The company specializes in paper, pulp and energy industries. Temporary layoffs typically last up to 90 days in Finland. This measure helps companies manage temporary drops in demand. Many Finnish industrial companies use this tool during economic uncertainty. The negotiations follow normal Finnish labor practices. Workers receive most of their salary during temporary layoffs. The system aims to preserve jobs during difficult periods. How will these changes affect Valmet's long-term position in the packaging sector?