Finnish company Valmet Automotive signs contract with Mercedes

The manufacturing process will require revisions to paint shop processes and the establishment of a dedicated assembly line for AMG GT, the fourth model the company has manufactured for Mercedes-Benz.

Pasi Rannus, the company's manufacturing director at Valmet Automotive, said that the contract is an extremely convincing demonstration of the company's capabilities.

He stated in a press release from Valmet Automotive, that the AMG is making vehicles that require special skills and top-of-the-line quality. It is great to be back in the business of producing sports cars. According to Valmet Automotive, the newly inked contract is expected to guarantee employment for around 200 people in different functions of the assembly plant. There will not be any new hirings as the company plans to address any personnel needs with re-assignments.

The Finnish company said earlier this summer it will lay off around 300 and furlough around 700 employees at the assembly plant, citing a decline in manufacturing volume linked to the expiry of another contract with Mercedes-Benz. It said that the furloughed employees would be called back to work slowly over the course of next year as various other projects moved on to the manufacturing phase.

In the last few years, the company has increased its headcount. The assembly plant employs around 2,000 people even after the recent cuts.