Metsa Tissue to Trim Jobs in Tissue and Cooking Paper Business

Sept. 25, 2012 - Metsa Tissue said that it will begin statutory negotiations in its Finnish units as part of company-wide organizational restructuring targeted to improve profitability.

"The statutory negotiations announced today will concern white-collar personnel in Finland, excluding frontline sales teams," Metsa Tissue said in a statement.

About 150 employees will be involved in the process and the maximum headcount reduction is not expected to exceed 40, the company added.

“Increasing competition and continuous tightening of EU regulation pose additional challenges for Metsa Tissue," said the company's CEO Mika Joukio.

"Additionally, the Finnish government’s stricter national adaptation of EU directives concerning areas such as waste taxation and landfill regulations is a major threat to our competitiveness. By restructuring and reorganizing our operations, we aim to secure our future competitiveness on the growing tissue and cooking paper market,” Joukio explained.

Metsa Tissue's Finnish offices are based in Espoo and Mantta.

Metsa Tissue is a leading tissue paper products and baking and cooking papers supplier to households and industrial consumers in Europe. The company's main brands are Lambi, Serla, Mola, Tento, Katrin and SAGA. With production units in six countries, Metsa Tissue employ a total of about 3,300 people.

SOURCE: Metsa Tissue