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Metso Paper starts layoffs in Järvenpää, Hollola and Jyväskylä

Metso Paper has concluded personnel negotiations regarding layoffs in its Järvenpää, Hollola and Jyväskylä units in Finland. The need for the layoffs is due to reduction in the amount of work, caused by the weakened market situation.

In Järvenpää and Hollola, the layoffs concern most of the personnel, altogether approx. 1,100 persons. The length of the layoffs will during the next six months vary from a couple of weeks to several months, depending on the workload of the functions.

In Jyväskylä, the layoffs will in the beginning concern a couple of dozen persons and their length will vary from a couple of weeks to longer periods of time. The amount of further layoffs and their length will be determined in accordance with the workload.

The layoffs will commence in late November at the earliest.

Metso Paper units in Jyväskylä, Järvenpää and Hollola manufacture paper and board machines as well as paper finishing equipment, and supply aftermarket and expert services. The amount of personnel in Jyväskylä is approx. 2,000, in Järvenpää approx. 1,000 and in Hollola close to one hundred.

Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com

For further information, please contact:

Pauli Koutonen, SVP, Roll Finishing Systems, Metso Paper Järvenpää, tel. +358 400 998 414 Jari Vähäpesola, SVP, Paper and Board Machines, Metso Paper Jyväskylä, tel. +358 40 558 6555