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Wind and industrial gear manufacturer and service provider Moventas Gears Oy says it will issue "temporary" layoffs next week in order to "match the market situation."

The company cited an insufficient order backlog for the first half of 2013 in proportion to the number of staff at its home base in Jyvaskyla, Finland, as the reason for the workforce adjustments.

The temporary layoffs affect Moventas' entire Finnish staff, and the layoff period will vary by personnel group during the first half of the year.

Production of Moventas’ Finnish company was centralized in Jyvaskyla at the end of last year. The company also has Finnish staff in Vantaa and Karkkila. Moventas employs a total of 635 people in Finland and 970 people globally.



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