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Jan 19, 2009

Metso to cut up to 1,200 jobs

Finnish engineering group Metso said in a statement Monday it would launch a round of statutory cooperation procedure talks spanning Finnish units serving the wood-processing industry.

Metso added up to 1,200 workers were affected.

"The preliminarily planned employee reductions are due to the need to adjust production capacity to correspond with the permanently decreased machine and equipment demand in the pulp and paper industry," the company said.

Metso said in a separate statement it would start another round of talks with the aim of laying off temporarily about 200 people in its mineral processing equipment division.

Source : Newsroom
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