Metso continues its transformation and adjusts its operations in Finland
(Thomson Reuters ONE) -
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(at)metso.com
Anne Rantanen, Director, Global Communications, Metso Corporation, tel.
+358 20 484 2253, email: anne.rantanen(at)metso.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Metso Corporation via GlobeNewswire
[HUG#1966402]
Unternehmensinformation / Kurzprofil:
Datum: 12.11.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 434164
Anzahl Zeichen: 3205
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Metso continues its transformation and adjusts its operations in Finland"
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