EMCC European Monitoring Centre on Change

Valmet Automotive

Company/Organisation:
Valmet Automotive

Geographic Location

Country: Finland
Region: Varsinais-Suomi; Etelä-Suomi; Manner-Suomi
Location of affected unit(s): Salo

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 200

Employment Effects

Announcement Date: 04-11-2020
Type of Restructuring: Business expansion
Employment Effect Start: 01-06-2021
Foreseen End Date: 31-12-2022
Planned Job Creation: 200

Additional Information

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. 

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