Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Metsä Group, a Finnish company active in the pulp, paper and packaging sector, has announced a need to cut up to 385 jobs across Finland due to challenging market conditions, including weak demand in key export markets, US tariffs on paperboard, and currency fluctuations. The Group has started change negotiations that concern all of its business areas and operations. On top of the 385 jobs cut, Metsä Group's subsidiary, Metsä Board, is cutting 155 jobs.
Globally, the company estimates a total workforce reduction of around 800 jobs. The negotiations are part of a EUR 300 million cost savings and profit improvement programme launched in July 2025, which includes global job cuts: Metsä Group 2025 - WO
The 540 job reductions would affect several locations, namely Espoo (140), Äänekoski (70), Kemi (60), Simpele (40), Lappeenranta (35), and other locations (190). These numbers also include the planned reduction of 155 employees at Metsä Board, a listed company within the group, at the end of September. The restructuring may occur through dismissals or reorganisation of work tasks, while production facilities are not expected to close.
Metsä Group has operations in seven countries and employs approximately 9,600 people worldwide, with 5,600 in Finland.
The company group has announced several restructuring measures during the last year. In January 2025, Metsä Board announced a reduction of 215 jobs at two of its Finnish factories Metsä Board 2025 - FI. In March 2025, Metsä Wood ended its plywood birch production at the Suolahti plant Metsä Wood 2024 - FI. In October 2024, the company Metsä Tissue instead expanded operations in Mariestad in Sweden, creating about 100 jobs Metsä Tissue 2024 - SE.
Updated, 27/11/2025 Metsä Group has finalised the cooperation negotiations in Finland, resulting in the dismissal of 440 staff and reduction of 520 positions. Out of the 440 dismissals, 150 are at the filiated company Metsä Board.
Eurofound (2025), Metsä Group, Internal restructuring in Finland, factsheet number 203433, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203433.
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