Inside information: Metsä Board starts change negotiations on possible temporary layoffs
Metsä Board Corporation Stock exchange release Inside information17 May 2023 at 12 noon EEST
Metsä Board, part of Metsä Group, will initiate change negotiations on possible temporary layoffs for its paperboard and BCTMP mills in Finland. The negotiations involve a total of 1,100 employees at the Joutseno, Kaskinen, Kemi, Kyro, Tampere, Simpele and Äänekoski mills.
The possible layoffs would last a maximum of 90 days and could be implemented in several installments by the end of this year.
The change negotiations will start in week 21, and they are estimated to last two weeks. With the change negotiations, the company is preparing to adapt the production temporarily for low delivery volumes. The allocation and amount of layoffs will be specified during the rest of 2023.
METSÄ BOARD CORPORATION
Further information:
Katri Sundström, VP, Investor Relations, Metsä Board, tel. +358 10 462 0101
Marjo Halonen, VP, Communications, Metsä Board, tel. +358 50 598 7046
Metsä Board
metsagroup.com/metsaboard
Metsä Board is a leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable and recyclable resource, that can be traced back to sustainably managed northern forests. We are a forerunner in sustainability, and we aim to have completely fossil free mills and raw materials by the end of 2030.
Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2022 our sales totalled around EUR 2.5 billion, and we have around 2,250 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.