Metsa Board closes Tako mill, could cut up to 215 jobs (updated)

Metsa Board Oyj

16/01/2025 11:48

(Adds detail on closure, change negotiations in paragraphs 1-4)
       COPENHAGEN, Jan 16 (Reuters) - Finland's Metsa Board
 METSB.HE  said on Thursday it would close its Tako mill and
improve the efficiency of its Kyro mill, cutting up to 215
positions across the two plants, citing weaker markets and
rising costs.
        "The cost competitiveness of Tako board mill is
particularly weakened by its high energy costs and the small
size of its production lines," Metsa Board said in a statement.
  
        "The development of the mill is limited by its
exceptional location in the centre of the city of Tampere," it
added.
  
    Metsa Board said its change negotiations would in total
involve around 360 employees and that they were expected to last
at least six weeks.

 (Reporting by Louise Breusch Rasmussen, editing by Terje
Solsvik)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))