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Metso concludes employee negotiations


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© Marketwire 2013
2013-01-14 10:13:19 -

HELSINKI, FINLAND -- (Marketwire) -- 01/14/13 -- Metso Corporation's press release on
January 14, 2013 at 11:00 a.m. local time



Metso has concluded employee negotiations in its different businesses in
Finland. As a result of the negotiations, the company will reduce a total
of
101 jobs. At the start of the negotiations, the reduction need was
estimated to
be a total of about 160 jobs.



The goal of the employee negotiations is to adjust the company's production
capacity to correspond with the permanent structural changes in the
operating
environment and to improve long-term cost competitiveness and
profitability.





Automation business



In Automation, 80 jobs will be reduced, 51 of them permanently. At the
start of
the negotiations, the job reduction need was estimated to be about 120
jobs.



Temporary lay-offs in Vantaa will commence in February. The number and
duration
of temporary lay-offs depends on the work load and the volume of orders
received. At the start of the negotiations, preparations were made for
potential
temporary lay-offs both in Tampere and Vantaa.



Employee negotiations in other Metso businesses in Finland



As a result of the employee negotiations, 15 jobs will be reduced at the
Mining
and Construction's Tampere foundry. According to the negotiation decision
valid
until September, temporary lay-offs can be implemented in crushing and
screening
equipment manufacturing and at the foundry only if the work situation so
requires.



Employee negotiations concerning temporary lay-offs have been conducted in
the
units serving the pulp industry in Pori, and the temporary lay-offs
affecting
about 20 people will commence in February. The negotiations concerning
potential
temporary lay-offs continue in the Power units in Tampere.



Additionally, Metso's HR Services unit will reduce 6 jobs around Finland
and
temporarily lay-off 18 during 2013.



The overall target of the employee negotiations is annual savings of
approximately EUR 8 million. The cost reductions are estimated to be
realized in
full during 2013.



Metso is a global supplier of technology and services to customers in the
process industries, including mining, construction, pulp and paper, power,
and
oil and gas. Our 30,000 professionals based in over 50 countries deliver
sustainability and profitability to customers worldwide. Expect results.



www.metso.com : www.metso.com , www.twitter.com/metsogroup : www.twitter.com/metsogroup



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:



(i) the releases contained herein are protected by copyright and
other applicable laws; and



(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.



Source: Metso Corporation via Thomson Reuters ONE



[HUG#1670099]




For further information, please contact:

Harri Nikunen
CFO
Metso Corporation
Email Contact : www2.marketwire.com/mw/emailprcntct?id=B1AB7483F1D99A7D
tel. +358 20 484 3010

Markku Simula
President
Flow Control business line, Automation business
Email Contact : www2.marketwire.com/mw/emailprcntct?id=97FD03456C6E184E
tel. +358 40 579 8128

Pekka Pohjoismaki
President
Crushing and Screening business line, Mining and Construction business
Email Contact : www2.marketwire.com/mw/emailprcntct?id=B271DCAAD7251929
tel. + 358 400 334 400



Press Information:




Contact Person:


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