Metso to start change negotiations on possible temporary layoffs of up to 90 days in the Aggregates business area in Finland
Metso Corporation’s press release on August 26, 2024, at 13:00 EESTThe order backlog at Metso’s Aggregates Tampere plant is low, and finished product inventories are at a high level. The autumn is typically a slower season for the aggregates business, so no rapid demand improvement is expected before year-end. Additionally, demand for mobile equipment has been low globally, and the distributors’ high inventory levels in North America are impacting the need for new machines. Therefore, the company needs to adjust its capacity to the temporary decrease in workload and to achieve cost savings.