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 29.1 - Manufacture of motor vehicles
300 jobs Number of planned job creations
Announcement Date
17 June 2014
Employment effect (start)
17 June 2014
Foreseen end date
Description
Global automobile manufacturer Valmet Automotive has announced that it will create 300 jobs at its site in Uusikaupunki. According to the sources, Valmet Automotive is planning to increase its production of the Mercedes Benz A-Class cars.
This job creation is part of a larger expansion at Valmet Automotive. The source reports that the company also hired 300 people in the spring of 2014 and 100 people during autumn 2013. The ERM has reported on previous restructuring events at Valmet Automotive in 2003, 2003, 2005, 2005, 2006, 2011and 2013.
Sources
17 June 2014: Svenska YLE
Citation
Eurofound (2014), Valmet Automotive, Business expansion in Finland, factsheet number 77201, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77201.
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