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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
200 jobs Number of planned job creations
Announcement Date
4 November 2020
Employment effect (start)
1 June 2021
Foreseen end date
31 December 2022
Description
Valmet Automotive, a Finnish manufacturing company, has announced its plans to expand the electric vehicle battery production plant located in Salo, southwest of Finland, 'to meet the needs of increased production volumes of battery packs'. As a result of this, the company will double the workforce from 200 employees to 400 employees. New employees will be recruited between 2021 and 2022.
According to the company, the growth in this business area is rapid and new contracts are in the pipeline.
Valmet Automotive manufactures both vehicles and electronic vehicle batteries. It expects the sales of its electronic vehicle battery production to exceed manufacturing during the upcoming years. The company recently announced that it will open a new electric vehicle battery production plant in Uusikaupunki where it already has a vehicle production unit.
Eurofound (2020), Valmet Automotive , Business expansion in Finland, factsheet number 102403, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102403.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
