Metsa Tissue will have completed the acquisition of 100 percent of shares in ZP Krapkowice paper factory by the end of this month. The Finnish investor plans to consolidate the companies owned in Poland, which will result in cutting costs and employment by 43 percent. In total, the firm estimates the number of people to be laid off at 300. The company is already seeking outplacement projects for the redundant staff. The revenue of Metsa Tissue SA, based in Konstancin-Jeziorna near Warsaw, is set to amount to ZL180m. The companies within the Polish unit of the group are Remex, Almat, Transpap, and Krapex. Chief executive of Metsa Tissue SA Lech Buzalski has said the company still needs to buy 8 percent of Krapkowice. Metsa Tissue is the market leader in tissue products in Nordic countries and a major tissue supplier to the markets of continental and northern Europe, and a leader in baking and cooking papers.