Press releases

Moventas has completed cooperation negotiations

The wind and industrial gear manufacturer Moventas has completed the personnel negotiations in the Industrial Gears business area.

Moventas Santasalo Oy has completed the personnel negotiations regarding personnel reductions and layoffs in Karkkila and Jyväskylä.

The company will reduce about 100 persons, of which 65 are redundancies. The personnel reductions affect all personnel groups. The company will centralize it's industrial gears service operations to Karkkila and leave a group of sales and design personnel to Jyväskylä. In addition to these actions the company will lay off its entire personnel. The need, duration and timing of these layoffs will vary, depending on the personnel group. The layoffs are caused by the weakened market situation and decreased number of orders.

For more information, please contact:

Jukka Jäämaa, President & CEO, Moventas Oy, tel. +358 50 526 7665
Ahti Ahonen, Executive Vice President, Industrial Gears, tel. +358 40 506 2361

About Moventas

Moventas is a wind gearbox technology expert and service provider. Moventas’ technology strives for lowering the cost of energy across the lifecycle of wind energy generation, from superior gearbox design and manufacture to extensive multi-brand service for 20 different turbine brands' gearboxes globally.