Press releases

Moventas has completed the personnel negotiations on layoffs in it’s Wind Gears business area

Moventas Wind Oy has completed the personnel negotiations regarding the personnel layoffs in Jyväskylä.

Moventas Wind Oy has completed the personnel negotiations regarding the personnel layoffs in Jyväskylä.

As a result of the personnel negotiations the company annouces a layoff notice for its whole personnel in Jyväskylä, a total of 610 people. The notice is effective for the time being.

The company estimates that the duration of the layoff will be 10 weeks on average per person in year 2009. The layoffs and their execution will be conditional on the personnel group and functions and will be initiated instantly.

The layoffs are caused by the general challenges to obtain finance for wind energy investments and minimization of inventories in the whole wind turbine manufacturing supply chain.

For more information, please contact

Jukka Jäämaa, President & CEO, Moventas Oy, tel. +358 50 526 7665

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.