Metso Outotec completes employee cooperation negotiations in Finland
Metso Outotec Corporation press release October 1, 2020 at 1.00 PM local time
The co-operation negotiations relating to the restructuring of Metso Outotec’s operations have ended. When the negotiations started on July 8, 2020, the estimated need for reduction was a maximum of 280 permanent jobs. As a result of the negotiations, Metso Outotec will reduce a total of 254 jobs in Finland. Of these, 87 are permanent jobs through redundancies and the rest through other arrangements, such as non-renewal of fixed-term contracts, retirement arrangements and voluntary resignations.
Job reductions due to the restructuring of operations will affect nearly all Metso Outotec’s locations in Finland.
The measures relate to the merger of Metso’s Minerals business and Outotec. The objective of the new organizational model is to enable efficient business operations for Metso Outotec, respond to customer needs, reduce overlaps of the two previous organizations and meet the set synergy targets.
Further information, please contact:
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, metals refining and recycling 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 illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec