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Future Valmet completes statutory negotiations in its EMEA area organization

Metso Corporation's press release on October 30, 2013

The EMEA (Europe, the Middle East and Africa) area organization of Metso's Pulp, Paper and Power business, the future Valmet, has completed statutory negotiations concerning its operations in Finland. The negotiations began on August 5, 2013.

The negotiations were part of a global cost competitiveness program launched by Metso in April 2013. The program aims at a reduction of approximately EUR 100 million in the annual costs of the Pulp, Paper and Power business by 2015.

As a result of the negotiations, the EMEA area organization will reduce a total of approximately 90 jobs in Jyväskylä, Järvenpää, Valkeakoski, Pori and Raisio in Finland. The reductions will include redundancies, retirement options and transfers of jobs to EMEA locations outside of the Nordic countries as well as internal transfers between organizations within the Pulp, Paper and Power business.

The arrangements serve to adjust structures and resources in response to the changing requirements of the business environment, enhancing competitiveness in the EMEA market.

The employees affected by the arrangements will receive support through the "Polku" employment support program that includes measures to support entrepreneurship, studying and re-employment, such as job-to-job training, independent study, labor market training, change management training, relocation support and job searches.

Metso's pulp, paper and power professionals specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle, including new production lines, rebuilds and services.

As of January 2014, Metso's Pulp, Paper and Power business will serve its customers with an even more focused and competitive approach as an independent, listed company, Valmet Corporation.

www.metso.com/pulpandpaper, www.metso.com/power, www.twitter.com/MetsoPulpPaper
www.metso.com, www.twitter.com/metsogroup

Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd.

www.metso.com, www.twitter.com/metsogroup

Further information, please contact:
Hannu Mälkiä, Area President, EMEA (Europe, Middle East, Africa), Paper, Pulp and Power, Metso, tel. +358 400 460 587