Metso Concludes the Statutory Employer-Employee Negotiations

Metso Concludes the Statutory Employer-Employee Negotiations Covering
Its Paper Business 
HELSINKI, FINLAND -- (Marketwire) -- 11/13/12 --  Metso Corporation's
stock exchange release on November 13, 2012 at 9.30 a.m. local time 
Metso has concluded the statutory employer-employee negotiations
covering personnel in its units serving the paper industry. As a
result of these discussions, 400 employees will be reduced and a
further 136 positions will be
outsourced in Finland. 
The statutory employer-employee negotiations initiated in Metso units
serving
the paper industry in September this year and covering
personnel reductions and
layoffs have ended. Following the
negotiations, which involved a total of approximately 4,100
employees, Metso has decided to reduce 400 jobs and outsource a
further 136 positions. A total of 152 employees will take
retirement
and 15 will transfer to new positions in other Metso
units. At the start of the
negotiations on September 18, it was
estimated that a maximum of 480 employees
would be affected, and
around 150 positions likely to be outsourced. 
As a result of the negotiations temporary layoffs will only be
implemented if
they are required by the low production and order book
in 2013. Temporary layoffs could affect jobs in units serving the
paper industry in Juankoski, Jyvaeskylae, Jaervenpaeae, Raisio, and
Valkeakoski. 
Metso will assist those affected through a comprehensive program
aimed at helping them to set up their own company as well as retrain
and find new jobs. 
The redundancies and outsourcing that have been decided on are
intended to achieve savings of approximately EUR 25 million in annual
operational costs.
Cost reductions in 2013 are expected to yield
savings of approximately EUR 20
million. 
"It's very unfortunate that we have been forced to implement such
large-scale measures affecting our personnel," says Pasi Laine,
President of Metso's Pulp, Paper and Power segment. "By working
closely and proactively with employee representatives, however, we
will try to minimize the impact of the redundancies
through a
comprehensive program aimed at helping people find new employment." 
Metso's decision to make these reductions in personnel is the result
of the need
to adjust the manufacturing capacity of
 the Group's paper
business unit to the
permanent structural changes that have impacted
the business and weakened its
competitiveness and profitability. 
As a result of restructuring, Metso will book non-recurring cost of
around EUR
10 million in its fourth quarter results. 
Metso's pulp, paper and power professionals specialize in processes,
machinery,
equipment, services, paper machine clothing and filter
fabrics. Our offering and experience cover the entire process life
cycle including new production lines,
rebuilds and services.
www.metso.com/pulpandpaper, www.metso.com/power,
www.twitter.com/MetsoPulpPaper 
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 
Metso Corporation 
Harri Nikunen 
CFO 
Juha Rouhiainen 
VP, Investor Relations 
Distribution: 
NASDAQ OMX Helsinki Ltd 
Media 
www.metso.com 
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Source: Metso Corporation via Thomson Reuters ONE 
[HUG#1657279] 
For further information for the press, please contact: 
Pasi Laine
President, Pulp, Paper and Power, Metso
tel. +358 20 484 3200 
Jari Vahapesola
President Paper Business Line, Pulp, Paper and Power, Metso
tel. +358 40 558 6555 
Further information for investors, please contact: 
Juha Rouhiainen
VP, Investor Relations, Metso Corporation
tel +358 20 484 3253