Versowood is commencing statutory co-operation negotiations concerning the adjustment of capacity to the current demand and order backlog. The negotiations cover all of its Finnish sawmill units (Vierumäki, Otava, Riihimäki and Hankasalmi). The co-operation negotiations will be completed by the end of September and the lay-offs are scheduled for late 2015 and early 2016.

木材

Versowood starts statutory negotiations at its Finnish sawmills

Aug 26, 2015. /Lesprom Network/. Versowood is commencing statutory co-operation negotiations concerning the adjustment of capacity to the current demand and order backlog. The negotiations cover all of its Finnish sawmill units (Vierumäki, Otava, Riihimäki and Hankasalmi), as the company says in the press release received by Lesprom Network. 

Restrictions are primarily targeted at the production of spruce timber, but there is also uncertainty regarding the production of pine timber. The statutory co-operations will be held according to the so-called shorter procedure, involving lay-offs of a maximum of 90 days and employment termination of a maximum of 10 employees. The negotiations cover both blue- and white-collar employees.

"The market situation has remained uncertain and challenging since last autumn. The prices of sawn timber have gone down, while timber prices have not been reduced accordingly, which has deteriorated profitability in this industry. These negotiations aim at adjusting our production to the current situation," says Ville Kopra.

The co-operation negotiations will be completed by the end of September and the lay-offs are scheduled for late 2015 and early 2016.