The restructuring of the Moventas companies that began last June ended today, as the district court of Jyväskylä confirmed the restructuring programmes of Moventas Santasalo Ltd and Moventas Wind Ltd.

Moventas companies, currently under corporate restructuring, are taking measures to release their excess capacity in Finland. Therefore, the industrial gear manufacturer Moventas Santasalo Ltd has decided to terminate its lease agreement in the Karkkila factory as of the first quarter of 2013.

The cooperation negotiations of Moventas companies have ended today. The negotiations resulted in reduction of Moventas Wind Ltd’s personnel in Jyväskylä as planned. Moventas Santasalo Ltd’s negotiations had no personnel impact.