(IN BRIEF) Metso Corporation’s Tampere factory in the Aggregates business area faces challenges with low new orders and delays in material deliveries, resulting in increased inventories of finished goods. To align manufacturing with the temporarily reduced production volumes, Metso has initiated a consultation process with employee representatives. The potential need for fixed-term layoffs, lasting up to 90 days, is under consideration for implementation throughout 2024. These measures aim to address current production constraints and optimize operations during this period of adjustment.
(PRESS RELEASE) ESPOO, 6-Apr-2024 — /EuropaWire/ — New orders for Metso’s Tampere factory in the Aggregates business area have remained low. Additionally, delays in material deliveries and the increased inventories of finished goods are limiting the manufacturing capability. Therefore, measures are needed to adjust manufacturing to meet the temporarily lower production volumes.
To adjust its aggregates equipment manufacturing to the temporarily lower production plan, Metso has invited employee representatives to a consultation process at its Tampere crushing equipment plant organization. The possible need for fixed-term layoffs is maximum 90 days. The layoffs would be implemented during the rest of 2024.
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion. The company is listed on the Nasdaq Helsinki. metso.com, x.com/metsoofficial
Pasi Vuorinen
Vice President
Tampere plant, Aggregates business area, Metso
tel. +358 20 484 142
email pasi.vuorinen(at)metso.com
Helena Marjaranta
Vice President, Communications and Brand, Metso Corporation
tel. +358 20 484 3212
email: helena.marjaranta(at)metso.com
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First published in this link of EuropaWIRE.
