Metso initiates negotiations on personnel reductions in Fiber
business line to improve competitivene
(Thomson Reuters ONE) - Metso Corporation's press release on September 30, 2009 at 3:00 p.m.Metso has commenced personnel negotiations regarding the reduction ofabout 400 persons in their Fiber business line (FBL) operations inSweden and Finland. Approximately 1,200 persons are employed in theseoperations.FBL has initiated major changes in its operating model andorganization structure to adjust operations to geographic shifts inthe pulp and paper industry, and to decreased demand for capitalequipment and for project sales. As part of this process, FBL's fivebusiness units will be consolidated into two streamlined units (FiberProcessing Unit and Wood and Pulp Handling Unit) and Services,working alongside leaner and more efficient support functions.The reductions are part of the process to streamline FBL's operationsand cost structure, to improve its competitiveness in a changingbusiness environment. Additionally, the streamlining will improveoperational flexibility and further strengthen FBL's localoperations, close to customers in growing markets.The reductions will affect all personnel groups. Negotiations withunions have been commenced and are aimed to be concluded before theend of 2009.Estimated reductions by location are:Location Estimatedreduction Current FBL personnelSundsvall, Sweden 168 575Pori, Finland95 230Karlstad, Sweden94 219Hagfors, Sweden26 130Valkeakoski, Finland17 45(including Jämsänkoski)Total400 1199As a result of the restructuring, FBL's annual costs are estimated todecrease by more than EUR 20 million. The cost reductions areestimated to be realized in full starting in 2011. One-offrestructuring costs are estimated to be EUR 15 million, the majorityof which are estimated to be booked during the 4th quarter of 2009.Metso's Fiber business line employs approximately 1,800 peopleglobally. Its largest sites are located in Sundsvall and Karlstad inSweden, and Pori in Finland. The line supplies chemical andmechanical pulp industry customers with machinery and equipment, aswell as aftermarket and expert services.Metso is a global supplier of sustainable technology and services formining, construction, power generation, automation, recycling and thepulp and paper industries. We have about 28,000 employees in morethan 50 countries. www.metso.comFor more information, please contact:Per-ÿke Färnstrand, President, Fiber business line, tel. +46 70 63339 46Hannu Tähkänen, Senior Vice President, Fiber business line, tel. +35840 551 79 47This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.09.2009 - 14:01 Uhr
Sprache: Deutsch
News-ID 6427
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