Metso's Pulp, Paper and Power business continues its cost reduction program to improve competitiveness
Metso Corporation's stock exchange release on August 5, 2013 at 11:45 a.m. local time Metso's Pulp, Paper and Power business will continue its global cost competitiveness program launched in April 2013 (stock exchange release on April 24, 2013) to adapt to changes in the marketplace. As part of the global program - which targets an annual cost reduction of approximately EUR 100 million by 2016 - the business will begin statutory negotiations on personnel reductions in several of its units serving especially the paper industry, but also the pulp industry. The Metso locations affected