Press releases

Moventas will commence personnel negotiations on layoffs

Moventas will commence personnel negotiations on layoffs to adapt to partially postponed customer deliveries in its Wind Gears business in Jyväskylä.

Moventas will start personnel negotiations to layoff its personnel from the Wind Gears business area in Jyväskylä. This procedure will allow Moventas to adapt to partially postponed wind gear deliveries and to prepare for a temporary slowdown in the growth of the wind gears business.

The statutory personnel negotiations relate to Moventas Wind Oy’s Jyväskylä personnel – a total of 610 people. The duration and timing of the layoffs will be determined during the negotiations. The results of the negotiations will be announced once the negotiations have been completed.

“The changes in timing of customer deliveries we have received during the beginning of the year will cause fluctuation in our production load. The long-term demand and growth seems to remain unchanged. However, within the next 6 to 9 months we must be flexible and adjust our operations to meet the changed customer needs and the general activity of wind park projects.", says President & CEO, Jukka Jäämaa.

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.