Metso to Cut 101 Jobs in Finland
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Metso, Finland, reports that it has concluded employee negotiations at its different businesses in Finland, and 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.
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.
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 begin in February. The negotiations concerning potential temporary lay-offs continue in the Power units in Tampere. Additionally, Metso's HR Services unit will reduce six jobs around Finland and temporarily lay-off 18 during 2013.
Additionally, 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.
Metso's overall target of the employee negotiations is an annual savings of approximately EUR 8 million. The cost reductions are estimated to be realized in full during 2013.
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