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Metso Oyj Concludes Employee Negotiations and Announces Layoffs


Monday, 14 Jan 2013 04:01am EST 

Metso Oyj announced that it 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 jobs. Temporary layoffs in Vantaa will commence in February 2013. At the start of the negotiations, preparations were made for potential temporary lay-offs both in Tampere and Vantaa. 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 2013, temporary layoffs can be implemented in crushing and screening equipment manufacturing and at the foundry only if the work situation so requires. Employee negotiations concerning temporary layoffs have been conducted in the units serving the pulp industry in Pori, and the temporary layoffs affecting about 20 people will commence in February 2013. Additionally, Metso Oyj's HR Services unit will reduce six jobs around Finland and temporarily lay off 18 during 2013. 

Company Quote

36.22
-0.41 -1.12%
30 Jul 2014