The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
New offshoring locations
Portugal
78 jobs Number of planned job losses
Announcement Date
17 March 2020
Employment effect (start)
Foreseen end date
31 December 2021
Description
Valmet, a Finnish supplier of technologies and services for the pulp, paper and energy industries, announced its plans to dismiss 78 employees by the end of 2021. This is due to the company’s decision to move the production of paper machine clothing and filter fabrics from its manufacturing unit, located in Tampere, Finnland, to Portugal by the end of 2021. Valmet argues that apart from the dismissals, the company may need to replace some full-time contracts with part-time arrangements. The company argues that delocalisation of these functions is needed in order to safeguard effectiveness. According to the company's media release, affected workers will receive re-employment support and education allowances.
Eurofound (2020), Valmet , Offshoring/Delocalisation in Finland, factsheet number 100054, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100054.
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