(Corrects to remove Valmet Corp from list of owners in
BERLIN, June 3 Finnish auto supplier Valmet
Automotive will cut about 230 jobs in Germany and move
production of roof systems to low-wage Poland.
Valmet, owned by Finnish engineering group Metso,
private equity fund Pontos Group and the Finnish state, will
keep about 100 white-collar jobs at its German plant in
Osnabrueck, which currently employs 330 staff, the company said
late on Monday.
Assembly of roof systems for carmakers including Daimler
, BMW and Volkswagen's Bentley
division will in future be based in Zary, western Poland, where
Valmet employs 350 workers.
"Utilisation of two facilities is currently not feasible
because of the decline of the market for convertible roof
systems," Martina Lupberger, senior vice president at Valmet's
German division said.
The latest job cuts follow the removal of 70 other positions
at the German site in recent months through voluntary
redundancies and natural wastage.
Valmet is not the only manufacturer seeking to benefit from
low Polish production costs. VW will spend nearly 3.4 billion
zlotys ($1.12 billion) on a new Polish factory to build delivery
vans from 2016, ending assembly in Germany.
Labour costs in Poland's manufacturing sector amounted to an
hourly 6.65 euros per worker in 2012, about a sixth of the 36.98
euros in Germany, according to the Cologne-based IW economic
($1 = 3.0420 Polish Zlotys)
(Reporting by Andreas Cremer; Editing by David Goodman)