SOURCE: Metso Corporation

November 17, 2009 03:41 ET

Metso reduces and temporarily lays off personnel in Pori, Finland

HELSINKI, FINLAND--(Marketwire - November 17, 2009) -

Metso Corporation's press release on November 17, 2009 at 10:40 a.m. local time

Metso has concluded the employee negotiations regarding their unit in Pori, Finland on November 16, 2009. As a result of the negotiation process initiated on September 30, 2009 a total of 80 persons in regular employment will be reduced, almost half of whom will be covered with pension arrangements. 32 persons will be affected by an actual lay-off. The reductions will commence immediately, according to legal terms of notice.

Temporary lay-offs may affect all personnel during 2010. The members of staff to be temporarily laid off, and the duration and timing of these lay-offs will depend on the workload. The temporary lay-off notice applied to all the employees in the Pori unit, in total about 230 people, and the reduction notice to about 95 people.

The employee negotiations initiated simultaneously in other Fiber business line units in Finland and Sweden still continue. The reductions are part of the process to streamline Fiber business line's operations and cost structure, to improve its competitiveness in a changing business environment.

Metso's units in Pori are part of the company's Fiber business line. They specialize in machinery and related expert services for chemical pulping.

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 26,500 employees in more than 50 countries.

Further information for the press, please contact: Hannu Tähkänen, Senior Vice President, Pulp Drying, Fiber business line, Pori, Finland, Tel. +358 40 551 7947

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