Metso Paper

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Länsi-Suomi; Keski-Suomi
Location of affected unit(s)
Jyväskylä
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
120 jobs
Number of planned job losses
Job loss
Announcement Date
25 October 2004
Employment effect (start)
Foreseen end date
31 May 2005

Description

On 25 October 2004, Metso Paper announced it will cut 123 jobs from its headquarters and factory in Jyväskylä. The cuts will be carried out by summer 2005. In addition to the direct dismissals, the company warned its whole personnel in Finland, i.e. 1,700, there could be other lay offs.

Sources

  • 25 October 2004: Kauppalehti

Citation

Eurofound (2004), Metso Paper, Internal restructuring in Finland, factsheet number 60722, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60722.