Metso completes statutory negotiations in its Paper business
Metso Corporation's stock exchange release on September 18, 2013 at 10:00 a.m. local timeMetso's Pulp, Paper and Power segment has completed statutory negotiations in most of units serving the paper industry. As a result of these, the workforce in Finland will be reduced by a total of 660 positions. The negotiations were part of Metso's global cost competitiveness program launched in April 2013 (stock exchange release April 23, 2013) to adapt to changes in the marketplace. The program targets an annual cost reduction in the Pulp, Paper and Power segment of approximately EUR 100 million