Metso continues its transformation and adjusts its operations in Finland
Metso Corporation's press release, November 12, 2015, at 13:00 p.m. local time
Metso continues its transformation in to a more focused company with leaner and more agile operating models to drive growth and profitability. As part of this and to reflect the current market environment and achieve cost-efficiencies, Metso is initiating employee negotiations in its Minerals business in Finland.
"The market downturn has resulted in a decline in order volumes. In order to maintain our market leadership and achieve our financial targets, we need to increase the efficiency and productivity of our operations. The actions we are announcing today are unpleasant but necessary," says Markku Simula, Head of Aggregates business line at Metso.
The employee negotiations announced now are expected to lead to a permanent reduction of approximately 75 jobs in total in Finland, mostly in Tampere. In addition, the company is considering continuing the temporary lay-offs initiated earlier this year.
Currently, Metso has a total of 1 755 employees in Finland, with 725 of them employed in the Minerals business.
Metso is the world's leading industrial company in the mining and aggregates industries and in the flow control business. Our knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers' businesses.
Metso has an uncompromising attitude towards safety. Our products range from mining and construction equipment and systems to industrial valves and controls. Our solutions are delivered and supported by decades of process knowledge and a broad scope of services backed by a global footprint of over 90 service centers, thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales totaled EUR 3.7 billion. Metso employs approximately 13,000 industry experts in more than 50 countries. Expect results.
www.metso.com, www.twitter.com/metsogroup
For further information, please contact:
Pirjo Virtanen, Vice President, Operations, Site Manager, Metso Minerals Oy, tel. +358 20 484 4237, email: pirjo.virtanen@metso.com
Anne Rantanen, Director, Global Communications, Metso Corporation, tel. +358 20 484 2253, email: anne.rantanen@metso.com