Metso Corporation’s company release, January 19, 2009, 11:00 a.m. local time
A press conference (in Finnish) for media will be held today, Monday, January 19, 2009, 1:00 p.m. at Metso’s Corporate Head Office, Fabianinkatu 9 A, Helsinki. A conference call (in English) for analysts will be held at 2:00 p.m. Instructions for participating in the conference call are included at the end of this press release.
Metso will start personnel negotiations regarding employee reductions in Finnish units serving the paper industry. The employee reduction is estimated to affect a total of 900-1,200 employees. Approximately 4,700 employees work in the units subject to the personnel negotiations. The possible reduction in the number of units and the consolidation of operations into bigger units will be examined as part of the negotiations.