Metsä Group’s wood products business area ends statutory negotiations in Finland

Metsä Group Press Release 6 June 2013


Metsä Wood, part of Metsä Group, has finished the statutory negotiations commenced in April in Finland. The negotiations were a part of the company's current cost savings programme, the objective of which is to improve Metsä Wood's competitiveness.

As a result of the statutory negotiations, the company's personnel will decrease by 73 persons. The reductions will be implemented through pension arrangements, redundancies and not renewing fixed-term contracts. The negotiations concerned in total approximately 1,300 persons in Finland. Sawmills, sawn timber upgrading units and their sales operations were excluded from the proceedings.



METSÄ GROUP
Group Communications

For further information, please contact:
Esa Kaikkonen, Executive Vice President, Metsä Wood, tel. +358 10 469 4749
Olga van Iterson, Marketing and Communication Manager, Metsä Wood, tel. +358 50 325 2376



www.metsagroup.com

Metsä Group is a responsible forest industry group whose products’ main raw material is renewable and sustainably grown Nordic wood. Metsä Group focuses on tissue and cooking papers, consumer packaging paperboards, pulp, wood products, and wood supply and forest services. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 5.0 billion in 2012, and it employs approximately 11,500 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 125,000 Finnish forest owners.

www.metsawood.com

Metsä Wood offers competitive and eco-efficient wood-based solutions for industrial construction customers, other industrial customers and the home and lifestyle sectors. We manufacture products from Nordic wood, a sustainable raw material of premium quality. Our sales were EUR 904 million in 2012, and we employ about 2,700 people. Metsä Wood is part of Metsä Group.

About Us

Metsä Woodwww.metsawood.com Metsä Wood is one of the leading European producers of engineered wood products. We are committed to serving three segments: construction, industrial and distribution customers. Our primary products are Kerto® LVL, plywood and other wood products. We also sell Nordic timber produced by Metsä Fibre. In 2018, Metsä Wood's sales were EUR 0.4 billion, and it employs approximately 1,500 people. Metsä Wood is part of Metsä Group.

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