Valmet Automotive has announced the completition of change negotiations started in January and will implement changes in job descriptions, furloughs and dismissals.
The company says it needs to reduce its workforce by 940 employees, of which about half will be implemented as furloughs valid until further notice, and the rest as redundancies.
The job cuts will come into effect in late April - early May.
Pasi Rannus, the company's senior vice-president for contract vehicle manufacturing, told Yle that the workforce reductions are due to a decrease in production volumes.
"We are talking, however, about a permanent reduction in production. Changes in the global automotive industry and recent geopolitical events also affect us. Production will continue, but it will be scaled to meet market demand," explained Rannus.
The Valmet Automotive plant in Uusikaupunki will start production of the Mercedes-AMG GT model in the autumn. That order will provide work for around 150 people.