Stock Exchange release December 10, 2009 08:00:00 AM CET

Metso reduces personnel in Sweden

Metso Corporation's press release on December 10, 2009 at 9:00 a.m. local time
 
Metso has concluded the employee negotiations regarding the Fiber business line's units in Sundsvall, Karlstad and Hagfors, Sweden on December 9, 2009. As a result of the negotiation process initiated on September 30, 2009, the following reductions in personnel will be made:
 
  • Sundsvall 150
  • Karlstad 64
  • Hagfors/Solna 25
 The reductions will commence immediately, according to legal terms of notice. Originally the reduction notice applied to 168 persons in Sundsvall, 94 in Karlstad and 26 in Hagfors.
 
The reductions are part of the process to streamline Fiber business line's (FBL) operations and cost structure, in order to improve its competitiveness in a changing business environment.
 
Metso's FBL units in Sundsvall, Karlstad and Hagfors supply chemical and mechanical pulp industry customers with machinery and equipment, as well as aftermarket and expert services.
 
Currently approximately 900 persons are employed in Fiber business line in Sweden.
 
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 26,500 employees in more than 50 countries. www.metso.com
 
Further information for the press, please contact:
Per-Åke Färnstrand, President, Fiber business line, Metso,  tel. +46 70 633 39 46