Business News
Metso to lay-off personnel in metal recycling operations in Germany
Monday 15. March 2010 - Metso has concluded negotiations with the workers council about lay-offs in Metso´s metal recycling business. All personnel categories in Metso´s unit in Düsseldorf, Germany are affected by the reductions, altogether 115 people.
The primary reason for the lay-offs is that the demand for metal recycling equipments is weak due to the low scrap metal prices and decrease in steel production in Europe and North America. The reductions are part of the process to streamline the Metsos metal recycling business operations and structure, in order to improve competitiveness in a changing business environment.
Metsos Metal Recycling business unit provides solutions including equipment and services for metal recycling to the recycling, steel and automotive industry. Currently approximately 500 persons are employed in metal recycling business in Düsseldorf. Globally Metsos recycling business employs approximately 800 persons.