METSO PAPER'S COST REDUCTION PROGRAM ADV

Metso Corp.  Stock Exchange Release September 2, 2004 at 11.30 a.m.

METSO PAPER'S COST REDUCTION PROGRAM ADVANCES

Metso Corporation's program for Metso Paper to reduce annual fixed
costs by a total of EUR 50 million is advancing. The program was
published in June 2004. As a part of the program, Metso Paper will
initiate within the next few weeks employee negotations concerning
approximately 700 jobs in Finland, Sweden and North America.

Metso Paper's negotiations to be initiated will affect approximately
450 jobs in Finland, approximately 130 jobs in Sweden and
approximately 120 jobs in North America. The impact of the
negotiations on personnel in Finland is estimated to be 100 to 140
jobs in Jyväskylä and 90 to 120 jobs in Järvenpää. In addition, the
options for the Karhula production unit will be reviewed, and the
negotiations in that location will affect 150 jobs. To a lesser
extent, the planned personnel reduction will also affect the units in
Valkeakoski, Turku, Pori and Tampere, Finland. In Sweden, the
negotiations will concern the reduction of 80 to 100 jobs in Karlstad
and 40 to 60 jobs in Sundsvall. In North America, the personnel
reductions will be divided among several locations.

For other parts, the plans will be specified later. As a whole, one
half of the program's effects on personnel are estimated to consist of
reductions and one half of outsourcing and actions comparable to
outsourcing. The arrangements are estimated to affect in total 1,100
to 1,300 employees. The planned measures are scheduled mainly for 2004-
2005.

Of Metso Paper's 9,000 employees, approximately 5,000 work in Finland,
approximately 1,500 in Sweden and approximately 1,250 in North
America.


Metso Corporation is a global supplier of process industry machinery
and systems, as well as know-how and aftermarket services. The
Corporation's core businesses are fiber and paper technology (Metso
Paper), rock and mineral processing (Metso Minerals) and automation
and control technology (Metso Automation). In 2003, the net sales of
Metso Corporation were EUR 4.3 billion. Metso has approximately 26,000
employees in 50 countries. Metso Corporation is listed on the Helsinki
and New York Stock Exchanges.

For further information please contact:
Bertel Karlstedt, President, Metso Paper, tel. +358 204 82 5100
Eeva Mäkelä, Vice President, Investor Relations, Metso Corporation,
tel. +358 204 84 3253





Metso Corporation



Olli Vaartimo                       Helena Aatinen
Executive Vice President and CFO    Senior Vice President
                                    Corporate Communications

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About Us

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso employs over 14,000 people in more than 50 countries.

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