Metso continues adjusting its operations in Finland

Metso continues adjusting its operations in Finland 
HELSINKI, FINLAND -- (Marketwire) -- 11/15/12 --  Metso Corporation's
press release, November 15, 2012, 09:30 local time 
Metso will initiate employee negotiations in its different
businesses. The negotiations are estimated to lead to the reduction
of a total of about 160 jobs
in Finland. Additionally, the company is
preparing for a temporary decline in
demand with temporary lay-offs. 
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
competiveness and profitability. 
"In addition to securing long-term profitability and competitiveness,
we must
also react on the temporary decline in demand. We will respond
to this challenge
with temporary lay-offs. Through the negotiations
being initiated, we will seek
solutions in good cooperation with the
personnel," says Matti Kaehkoenen,
President and CEO of Metso. 
The target of the employee negotiations is to achieve annual savings
of approximately EUR 8 million. It is estimated that the cost
reductions will be
implemented in full as of the fourth quarter of
2013. 
Personnel reductions 
The estimated reduction need in the Automation business is about 120
jobs. The
reduction need covers nearly all Automation's functions in
Finland. Automation's
biggest sites are in Vantaa, Tampere and
Kajaani. 
The reduction need in Mining and Construction's Tampere foundry is
estimated to be about 30 jobs. 
In Metso's HR Services unit, the reduction need is estimated to be
about 10 jobs
around Finland. 
Temporary lay-offs 
Mining and Construction's crushing and screening equipment
manufacturing and
foundry in Tampere is preparing for temporary
lay-offs that will cover the entire personnel of about 610. 
Automation is also preparing for temporary lay-offs. The functions in
Vantaa and Tampere, employing about 630 people, are subject to
employee negotiations concerning temporary lay-offs. 
The units in Pori that serve the pulp industry and the Power business
line manufacturing units in Tampere will initiate employee
negotiations concerning
temporary layoffs. The negotiations will cover
all the personnel in these units,
appr
oximately 180 people in Pori
and approximately 150 people in Tampere. 
The extent and duration of the lay-offs will depend on the work load
and on the
volume of orders received. 
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 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Metso Corporation via Thomson Reuters ONE 
[HUG#1658246] 
For further information, please contact: 
Harri Nikunen
Chief Financial Officer
Metso Corporation
harri.nikunen@metso.com
tel. +358 20 484 3010
 
 
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