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.
Finnish Machinery manufacturer Metso announced 39 job cuts in its Fiber business line unit in Pori. 39 of the total of 300 employees will lose their jobs and the remaining 260 are to be temporarily laid off. The measures are caused by the weakening of the global market situation, which has led to changes in order schedules and a reduction in the amount of work.
The measures wil commence in January 2009 at the earliest. Metso's units in Pori are part of the company's Fiber business line. They specialize in machinery and related expert services for chemical pulping.
The number of Metso personnel in Finland totals approximately 9,300.
Eurofound (2008), Metso Fiber, Internal restructuring in Finland, factsheet number 68593, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68593.