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Metso Adjusts Capacity of Metso Power Oy
Helsinki, Finland, 13 May 2009 -- Metso has concluded the personnel negotiations started on 30 March 2009, regarding the adjustment of Metso Power Oy’s business to the weakening global market situation.

As a result of these negotiations, Metso Power Oy will reduce altogether 81 employees, out of which the share of temporary employment contracts, pensions, other arrangements, and internal transfers within Metso is 66 employees; 15 employees will be made redundant.

Additionally, the parties have agreed on possibly needed temporary lay-offs, the duration of which will be defined according to the work load of various operations.

The employee reductions and temporary lay-offs will start in May 2009 and will be concluded by the end of 2010.

Savings in business costs will be searched for through other measures, too. The targeted savings are expected to be reached through the above reductions, voluntary off-time, replacement of the holiday compensation with off-time, and planned savings in travel and rent expenses.

The negotiations affected all of Metso Power Oy ´s personnel in Tampere, Lapua, and Vantaa, Finland, a total of approximately 840 people. The negotiations did not affect the Finnish business of MW Power, which is a joint venture between Metso and Wärtsilä.

The primary reason for the adjustment need is the pulp and paper industry’s structural change, which has weakened the demand for chemical recovery line equipment. The global economic crisis has slowed down decision-making regarding power plant investments in the energy industry.

Metso (www.metso.com) is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling, and the pulp and paper industries. The company has more than 28,000 employees in more than 50 countries.

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