Brief: Metsa Board To Cut Up To 315 Jobs, Of Which 155 In Finland

Metsa Board Oyj

02/10/2025 10:33

Oct 2 (Reuters) - Metsa Board Oyj METSB.HE:

METSÄ BOARD INITIATES CHANGE NEGOTIATIONS AND DISCONTINUES THE PRE-ENGINEERING OF INVESTMENTS TO STRENGTHEN THE COMPANY'S PROFITABILITY, CASH FLOW, AND COMPETITIVENESS

CHANGE NEGOTIATIONS IN FINLAND WILL BEGIN NO EARLIER THAN 7 OCTOBER 2025.

CHANGE NEGOTIATIONS CONCERN A TOTAL OF SLIGHTLY MORE THAN 2,000 EMPLOYEES.

ESTIMATED NEED FOR REDUCTIONS IS UP TO 315 PEOPLE, OF WHICH 155 ARE IN FINLAND.

AIM IS TO ADJUST COMPANY'S COST STRUCTURE, IMPROVE CASH FLOW, ENHANCE BUSINESS OPERATIONS, AND STRENGTHEN CONDITIONS FOR SUSTAINABLE GROWTH

CHALLENGING MARKET SITUATION REQUIRES US TO TAKE CONSISTENT AND EFFECTIVE MEASURES - CEO

INVESTMENT PROJECT FOR CHANGE OF PRODUCT PRODUCED ON BM2 BOARD MACHINE AT HUSUM IN WILL NOT BE ADVANCED FOR TIME BEING

Source text: ID:nWkr6KrSFg

Further company coverage: METSB.HE

 (Gdansk Newsroom)

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