SOURCE: Metso Corporation

December 10, 2009 02:08 ET

Metso reduces personnel in Sweden

HELSINKI, FINLAND--(Marketwire - December 10, 2009) -

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.

Further information for the press, please contact:

Per-Åke Färnstrand, President, Fiber business line, Metso, tel. +46 70 633 39 46

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2009. All rights reserved.

Contact Information