Metso Corporation : Metso concludes employee negotiations
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.
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
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.
For further information, please contact:
Harri Nikunen, CFO, Metso Corporation, firstname.lastname@example.org, tel. +358 20
Markku Simula, President, Flow Control business line, Automation business,
email@example.com, tel. +358 40 579 8128
Pekka Pohjoismäki, President, Crushing and Screening business line, Mining and
Construction business, firstname.lastname@example.org, tel. + 358 400 334 400
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Source: Metso Corporation via Thomson Reuters ONE
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