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Metso reduces personnel in North America

Metso plans to carry out a personnel reduction of approximately 70 employees at its Paper and Fiber Technology units in USA and Canada. The measures are caused by the weakening of the North American market situation, which has led to the reduction of the workload in service and customer projects. The reductions become effective during 1st quarter of 2009.

The reduction affects employees in tasks related to production, procurement, product & project management, engineering, as well as sales and general administration.

Metso Group employs currently altogether approximately 4000 people in North America, approximately 1,100 of them work in the Paper and Fiber Technology.

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

For more information, please contact:

Jukka Tiitinen, President, Metso Paper USA Inc., tel. +1 404 4330937 Harri Nikunen, Senior Vice President, Finance and Administration, Paper and Fiber Technology, tel. +358 40 8289083