Companies in the timber industry / Daily News / Global Trends / Forestry / Woodworking machinery / Europe / Global / Russia
June 8, 2022
Ponsse adjusts operations: “Russian market too big to replace”
Finnish forest machine manufacturer Ponsse will start personnel negotiations next week. The negotiations will focus on staff reductions and layoffs, which are estimated to be at most 120 annual work units. The negotiations apply to all Ponsse Oyj's personnel groups and all Finnish operations, with the exception of the technology company Epec Oy. The adjustment measures are driven by the stagnation of Russian exports, but also by rising manufacturing costs and a halt in profitability and cash flow. Thus, production volumes will be cut and operations will be streamlined, says Juho ...
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