Brief: Metsä Board Starts Change Negotiations On Possible Temporary Layoffs

Metsa Board Oyj

17/05/2023 10:11

May 17 (Reuters) - Metsa Board Oyj  METSB.HE :
    * INSIDE INFORMATION: METSÄ BOARD STARTS CHANGE NEGOTIATIONS
ON
POSSIBLE TEMPORARY LAYOFFS
    * NEGOTIATIONS INVOLVE A TOTAL OF 1,100 EMPLOYEES AT
JOUTSENO,
KASKINEN, KEMI, KYRO, TAMPERE, SIMPELE AND ÄÄNEKOSKI MILLS
    * POSSIBLE LAYOFFS WOULD LAST A MAXIMUM OF 90 DAYS AND COULD
BE
IMPLEMENTED IN SEVERAL INSTALLMENTS BY END OF THIS YEAR
    * WILL INITIATE CHANGE NEGOTIATIONS ON POSSIBLE TEMPORARY
LAYOFFS
FOR ITS PAPERBOARD AND BCTMP MILLS IN FINLAND
    * CHANGE NEGOTIATIONS WILL START IN WEEK 21, AND THEY ARE
ESTIMATED TO LAST TWO WEEKS
    * COMPANY IS PREPARING TO ADAPT PRODUCTION TEMPORARILY FOR
LOW
DELIVERY VOLUMES
    * ALLOCATION AND AMOUNT OF LAYOFFS WILL BE SPECIFIED DURING
REST
OF 2023

Source text for Eikon:  ID:nWkr7y0ZFP 
Further company coverage:  METSB.HE 

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