Stock Exchange release March 4, 2009 10:00:00 AM CET
Metso has completed personnel negotiations with its Mining and Construction Technology personnel in Finland
Metso Corporation's press release on March 04, 2009 at 11:00 a.m.
Metso has concluded the employee negotiations that commenced on 20.1.2009 regarding Mining and Construction Technology personnel in Tampere and Helsinki, Finland. The negotiations affected all employees of Metso Minerals, Inc, a total of approximately 1,200 persons.
As the result of the negotiations completed yesterday, there will be 112 redundancies. Twenty-nine of the redundancies concern blue-collar employees and 83 concern white-collar employees. The redundancies will be implemented by the end of March. The temporary layoffs will apply for a fixed period or until further notice, depending on the workload in each department. The temporary layoffs concern a maximum of 1,000 employees.
These measures are a consequence of the reduction in the company's order book and reduced operating levels resulting from the global market situation, as well as the need to reorganize specific company operations. The one-time costs related to these arrangements are not expected to be material for Metso.
Metso employs approximately 1,300 people in its mining and construction technology operations. Metso personnel in Finland total approximately 9,300.
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 over 29,000 employees in more than 50 countries. www.metso.com
Further information for the press, please contact:
Jarmo Honkasalo, Site Manager Tampere Works, Metso, tel: +358 20 484 4250
Pekka Pohjoismäki, Senior Vice President, Contractor Customers, Construction, Metso, tel: +358 20 484 4360