Metso Paper reaches agreement on measures to improve competitiveness in Finland
Dec 05, 2007. As a result of the negotiations, aimed at enhancing Metso Paper’s competitiveness, a personnel reduction of 210 persons in total will be carried out in Anjalankoski, Hollola, Jyväskylä, Järvenpää, Karhula, Turku and Valkeakoski. The Karhula unit will be closed, and its responsibilities transferred to other units of the Paper and Board business line.
Dec 05, 2007. /Lesprom Network/. Metso Paper’s Paper and Board business line has brought to a conclusion the personnel negotiations initiated at its seven Finnish locations on October 11, 2007, company announced. As a result of the negotiations, aimed at enhancing Metso Paper’s competitiveness, a personnel reduction of 210 persons in total will be carried out in Anjalankoski, Hollola, Jyväskylä, Järvenpää, Karhula, Turku and Valkeakoski. The Karhula unit will be closed, and its responsibilities transferred to other units of the Paper and Board business line.
The measures will begin to take place in the first half of 2008 and their completion will take some 6-18 months, depending on location and individual cases. The employment terminations consist of pension arrangements, discontinuation of temporary employment relationships and redundancies. Some of the personnel concerned can be offered jobs in other Metso units.
The non-recurring expenses related to the measures are not estimated to be material to Metso Paper. The annual savings are estimated to exceed the non-recurring expenses.
The decisions made support the Paper and Board business line's restructuring process, in which certain units and functions were merged organizationally. With these measures the business line eliminates overlapping operations and will be able to develop and strengthen sales and services closer to customers.