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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
112 jobs Number of planned job losses
Announcement Date
19 January 2009
Employment effect (start)
31 March 2009
Foreseen end date
Description
Metso Minerals is cutting 112 jobs after concluding the employee negotiations that commenced on 20 January 2009 regarding Mining and Construction Technology personnel in Tampere and Helsinki, Finland. The negotiations affected all employees of Metso Minerals, Inc, a total of approximately 1,200 persons.
As the result of the negotiations completed yesterday, there will be 112 redundancies. Twenty-nine of the redundancies concern blue-collar employees and 83 concern white-collar employees. The redundancies will be implemented by the end of March. The temporary layoffs will apply for a fixed period or until further notice, depending on the workload in each department. The temporary layoffs concern a maximum of 1,000 employees.
These measures are a consequence of the reduction in the company's order book and reduced operating levels resulting from the global market situation, as well as the need to reorganize specific company operations. Metso Minerals employs approximately 1,300 people in its mining and construction technology operations. Metso group personnel in Finland total approximately 9,300.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. Metso has over 29,000 employees in more than 50 countries.
Sources
20 January 2009: www.metso.com
4 March 2009: www.metso.com
Citation
Eurofound (2009), Metso Minerals, Internal restructuring in Finland, factsheet number 68595, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68595.
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