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Metso Oyj Announces Lay-offs in Finland, Sweden and Other Countries; Filter Fabric Production Relocates from Tampere, Finland to Ovar, Portugal

Monday, 17 Jun 2013 05:00am EDT 

Metso Oyj announced that Metso's Fabrics and Power businesses have concluded the statutory negotiations initiated on May 2, 2013. As a result of the negotiations, the Fabrics business will reduce 60 jobs at its Tampere, Finland plant by relocating their narrow filter fabric production to Ovar in Portugal by the end of June 2014. The reduction need of personnel at the Tampere plant is 32, taking into account internal transfers of personnel, retirement arrangements and terminations of temporary contracts. The Power business will cut a total of 88 jobs in Finland and is negotiating a reduction of 70 jobs in Sweden. It will also reduce 10 jobs in other countries. The reductions will be carried out starting immediately and concluded by the end of 2013. The measures will affect all personnel groups. Initially the reduction need was estimated to be 80 jobs in the Fabrics business and 175 jobs in the Power business globally. As a result of the reductions, Metso Pulp, Paper and Powers' annual costs are estimated to decrease by approximately EUR 17 million. 

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