Metso Corporation's press release on January 14, 2013 at 11:00 a.m. local time
Metso has concluded employee negotiations in its different businesses in
Finland. As a result of the negotiations, the company will reduce a total of
101 jobs. At the start of the negotiations, the reduction need was estimated to
be a total of about 160 jobs.
The goal of the employee negotiations is to adjust the company's production
capacity to correspond with the permanent structural changes in the operating
environment and to improve long-term cost competitiveness and profitability.
Automation business
In Automation, 80 jobs will be reduced, 51 of them permanently. At the start of
the negotiations, the job reduction need was estimated to be about 120 jobs.
Temporary lay-offs in Vantaa will commence in February. The number and duration
of temporary lay-offs depends on the work load and the volume of orders
received. At the start of the negotiations, preparations were made for potential
temporary 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 the Mining
and Construction's Tampere foundry. According to the negotiation decision valid
until September, temporary lay-offs can be implemented in crushing and screening
equipment manufacturing and at the foundry only if the work situation so
requires.
Employee negotiations concerning temporary lay-offs have been conducted in the
units serving the pulp industry in Pori, and the temporary lay-offs affecting
about 20 people will commence in February. The negotiations concerning potential
temporary lay-offs continue in the Power units in Tampere.
Additionally, Metso's HR Services unit will reduce 6 jobs around Finland and
temporarily lay-off 18 during 2013.
The overall target of the employee negotiations is annual savings of
approximately EUR 8 million. The cost reductions are estimated to be realized in
full during 2013.
Metso is a global supplier of technology and services to customers in the
process industries, including mining, construction, pulp and paper, power, and
oil and gas. Our 30,000 professionals based in over 50 countries deliver
sustainability and profitability to customers worldwide. Expect results.
www.metso.com, www.twitter.com/metsogroup
For further information, please contact:
Harri Nikunen, CFO, Metso Corporation, harri.nikunen@metso.com, tel.
+358 20 484 3010
Markku Simula, President, Flow Control business line, Automation business,
markku.simula@metso.com, tel. +358 40 579 8128
Pekka Pohjoismäki, President, Crushing and Screening business line, Mining and
Construction business, pekka.pohjoismaki@metso.com, tel. + 358 400 334 400
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Source: Metso Corporation via Thomson Reuters ONE
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