Metso Outotec completes reorganization of its Metals business
Metso Outotec Corporation’s press release on March 3, 2021, at 4:45 p.m. EET
Metso Outotec has completed the reorganization of its Metals business as part of the turnaround program announced in Q4/2020. As a result, the segment’s operational model has been adjusted to better meet customer needs, as well as the scale and nature of the business today.
When the negotiations related to the reorganization started on December 9, 2020, the estimated need for reduction was a maximum of 160 permanent redundancies in the Metals operations globally, including up to 60 redundancies in Finland. As a result of the negotiations, approximately 100 jobs will be reduced globally, including 15 in Finland. Most of the global reductions are through redundancies and the rest through other arrangements, such as retirements, non-renewal of fixed-term contracts, and voluntary resignations. In addition, over 50 employees who were in the scope of the Metals reorganization will continue in Metso Outotec in other parts of the company.
”The reorganization of the Metals business aims for annual savings of EUR 15 million. During the negotiations, we carefully evaluated all opportunities with the target to find the best possible options to meet the needs of our customers and employees. The now completed reorganization empowers the Metals business lines for efficient use of resources and faster decision-making,” says Jari Ålgars, President, Metals business area at Metso Outotec.
Further information, please contact:
Jari Ålgars, President, Metals business area, Metso Outotec, tel. +358 20 529 2007, email: jari.algars(at)mogroup.com
Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2020 were about EUR 3.9 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec