Business News

M-REAL PREPARES FOR LOWER DEMAND AND STARTS STATUTORY NEGOTIATIONS IN FINLAND

Friday 09. January 2009 - M-real Corporation, part of Metsäliitto Group, starts statutory negotiations concerning mill operations in Finland. Possible actions will be decided locally at the units. All in all, the negotiations concern about 1,500 people.

The target of the negotiations is to prepare the production temporarily for lower demand by temporary lay offs and working time arrangements. This is thus an anticipatory measure if no significant improvement in the demand situation experienced in late 2008 emerges.