Metso Corporation's press release on January 4, 2016 at 9:30 a.m. EET
HELSINKI, Finland, Jan. 4, 2016 (GLOBE NEWSWIRE) -- Metso has concluded employee negotiations in its Minerals business in Finland. As a result of the negotiations, the company will reduce a total of 44 positions, mostly in Tampere. The original estimated reduction need was approximately 75 jobs.
The concluded employee negotiations are part of Metso's transformation in to a more focused company with leaner and more agile operating models to drive growth and profitability.
"Our order volumes are affected by the market downturn in the minerals industry. The decisions that have now been made are necessary in order to maintain our competitiveness and achieve our financial targets. We need to increase the efficiency and productivity of our operations," states Markku Simula, Head of Metso's Aggregates business line.
Metso will also continue temporary lay-offs in its Minerals operations in Finland during 2016. The number and duration of the temporary lay-offs depends on the work load and the volume of orders received and may affect all personnel groups.
Metso is helping the personnel affected by the lay-offs through its employment support program, which offers assistance with re-employment and possible relocation support.
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.
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
Helena Marjaranta, Vice President, Global Communications, Metso Corporation, tel. +358 20 484 3212, email: helena.marjaranta(at)metso.com