Valmet Automotive to sack around 500 at assembly plant in Uusikaupunki
VALMET AUTOMOTIVE, an automotive contract manufacturer based in Uusikaupunki, Finland, on Monday announced it will sack about 500 employees at its assembly plant.
The Finnish company said it will need to reduce at most 940 employees in response to a drop in production volumes, adding that about half of the reductions would be carried out by lay-offs and half by temporary lay-offs of an indefinite duration.