Business News

Metso reduces 45 people in Sweden

Thursday 26. March 2009 - Metso has concluded employee negotiations regarding reduction of personnel at Metso Paper Karlstad AB, Sweden. As a result the company will reduce 45 persons. The company's operations are part of Metso's Tissue business line and Paper business line.

The reduction is part of the capacity adjustments and relocating of operations initiated within Metso’s Paper and Fiber Technology segment.

The primary reason for the rearrangements is the weakening of the global market situation. Operations must be downsized and made more flexible to handle changes in the market.

The personnel negotiations were initiated on January 19, 2009 and concluded on March 23, 2009. The reductions will start by May 19 and will be finalized by the end of 2009. The one-time costs related to these arrangements are not expected to be material for Metso.

Metso Paper Karlstad AB currently employs close to 500 people in Karlstad. The unit supplies technology and services for the global tissue making industry and for the Scandinavian paper and board industry. Altogether Metso employs more than 3,100 people in Sweden.