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Metso to Cut Some 700 Jobs in Finland

March 17, 2009 - Metso said that it has concluded employee negotiations in Finland within its Paper business unit (excluding Metso Foundries Jyväskylä Oy, where negotiations are ongoing) and will cut 718 postions.

The talks involved all of the units' employees in Finland or about 3,800 people, Metso said.

In January, Metso announced that it would have to reduce it's workforce by 800 - 1,100 employees due to the weakening of the pulp and paper markets.

Some of the job cuts are effective immediately, with final cuts to take place in 2010.

The results of the negotiations are as follows:

  • Operations will be terminated at Hollola and transferred to Jarvenpaa as part of the Paper Finishing unit
  • Operations will be terminated at the Oulu rubber covering unit and transferred in a more limited scope to Jarvenpaa's production
  • Operations will be terminated at the Tampere roll factory and transferred in a more limited scope to Jarvenpaa's production
  • Water technology operations will be transferred from Turku to Jyvaskyla as part of the Paper Machines unit
  • Turku Chemical Systems operations will be transferred to Jarvenpaa as part of the Paper Finishing unit
  • With respect to Metso Paper Turku Works, the review of operating alternatives is continuing

In connection with the transfers, some of the employees in the units to be terminated (totaling 90 - 110 employees) will have the option of transferring to new locations, Metso said.

Metso estimates that the restructuring will decrease annual expenses by EUR 40 million.

SOURCE: Metso




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