HELSINKI, FINLAND--(Marketwire - Jan 14, 2013) - Metso Corporation's press release onJanuary 14, 2013 at 11:00 a.m. local time
Metso has concluded employee negotiations in its different businesses inFinland. As a result of the negotiations, the company will reduce a totalof101 jobs. At the start of the negotiations, the reduction need wasestimated tobe a total of about 160 jobs.
The goal of the employee negotiations is to adjust the company's productioncapacity to correspond with the permanent structural changes in theoperatingenvironment and to improve long-term cost competitiveness andprofitability.
In Automation, 80 jobs will be reduced, 51 of them permanently. At thestart ofthe negotiations, the job reduction need was estimated to be about 120jobs.
Temporary lay-offs in Vantaa will commence in February. The number anddurationof temporary lay-offs depends on the work load and the volume of ordersreceived. At the start of the negotiations, preparations were made forpotentialtemporary lay-offs both in Tampere and Vantaa.
Employee negotiations in other Metso businesses in Finland
As a result of the employee negotiations, 15 jobs will be reduced at theMiningand Construction's Tampere foundry. According to the negotiation decisionvaliduntil September, temporary lay-offs can be implemented in crushing andscreeningequipment manufacturing and at the foundry only if the work situation sorequires.
Employee negotiations concerning temporary lay-offs have been conducted intheunits serving the pulp industry in Pori, and the temporary lay-offsaffectingabout 20 people will commence in February. The negotiations concerningpotentialtemporary lay-offs continue in the Power units in Tampere.
Additionally, Metso's HR Services unit will reduce 6 jobs around Finlandandtemporarily lay-off 18 during 2013.
The overall target of the employee negotiations is annual savings ofapproximately EUR 8 million. The cost reductions are estimated to berealized infull during 2013.
Metso is a global supplier of technology and services to customers in theprocess industries, including mining, construction, pulp and paper, power,andoil and gas. Our 30,000 professionals based in over 50 countries deliversustainability and profitability to customers worldwide. Expect results.
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Source: Metso Corporation via Thomson Reuters ONE
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