Metso Foundries Jyväskylä concludes personnel negotiations

Published Sept 16, 2010 11.00.00 +2 GMT

Metso Corporation´s press release on September 16, 2010 at 12:15 p.m. local time

Metso Foundries Jyväskylä has on Thursday, September 16, concluded the personnel negotiations started on July 1, 2010, concerning temporary layoffs and personnel reductions.

The measures taken on the basis of the negotiations, targeting at increased competitiveness, will affect 70 persons in total, a significantly lower figure than originally estimated. Of these, 46 will be redundancies. The rest of the reductions will comprise pension arrangements, part-time employments and internal transfers. The permanent reduction will amount to 62 personworkyears. In addition, temporary layoffs will continue in all personnel groups in accordance with the work load situation. The effects on the personnel are estimated to be realized by March 2011.

Metso Foundries Jyväskylä produces hand-moulded castings for Metso and outside customers.

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 about 27,000 employees in more than 50 countries.

For further information, please contact: Pasi Mäkinen, President, Metso Foundries Jyväskylä, Inc., tel. +358 20 482 6736 Jaakko Puurula, Vice President, Human Resources, Paper and Fiber Technology, Metso, tel. +358 20 482 5500