Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Sector
Agriculture
Agriculture, Forestry And Fishing
Forestry And Logging
02.2 - Logging

140 jobs
Number of planned job losses
Job loss
Announcement Date
23 October 2014
Employment effect (start)
Foreseen end date

Description

Metsä Wood, part of the Metsä Group, has initiated a performance improvement program that will comprise structural changes making 140 employees redundant in Finland. The reductions will be carried out mainly through early retirements and will be implemented gradually over the coming years, starting later this year.

Metsä Wood mainly provides timber and engineered wood products for the construction industry. Headquartered in Espoo, the company employs some 3,000 people.


Sources

  • 23 October 2014: Metsä Press Release

Citation

Eurofound (2014), Metsä Wood, Internal restructuring in Finland, factsheet number 77771, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77771.