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2020 / 2021 Edition

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Metso to shed 44 jobs in Finland

Metso

Company concludes employee negotiations following downturn in volume of orders

METSO are to lay off a total of 44 workers in their Minerals business in Finland, mostly in Tampere.

The announcement follows the conclusion of employee negotiations and is less than the estimated original reduction requirement of approximately 75 jobs.

According to Metso, the conclusion of employee negotiations is part of their transformation into 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,’ said Markku Simula, head of Metso’s Aggregates business line.

Metso will also continue temporary layoffs in their Minerals operations in Finland during 2016. The company says the number and duration of the temporary layoffs will depend on the workload and volume of orders received, and may affect all personnel groups.

Metso are helping the personnel affected by the layoffs through their employment support programme, which offers assistance with re-employment and possible relocation support.

Currently, Metso have a total of 1,755 employees in Finland, of which 725 are employed in the Minerals business.

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Comments

Submitted by Bob Hirst (not verified) on

What's all this growth bit! The Capitalist model is broken don't you know or cannot accept.

Growth and returns to share holders Phhffttt!!

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