Metso Corporation’s press release on May 6, 2024, at 1:00 p.m. EEST
Metso plans to implement structural adjustments in certain parts of its Minerals equipment business. The planned measures will address the changes in the market environment that are driven by, for example, an increasing emphasis on strategic minerals that support the energy transition. The planned changes will improve agility, extend customer reach and coverage, and enable better alignment towards customers. At the same time, Metso seeks to implement efficiency improvements to compensate for slow decision making that is influencing large customer investments.As a result, Metso will start local consultation processes that will affect parts of the Minerals equipment business and the related market area operations. The planned changes include organizational realignment and other efficiency measures as well as permanent and temporary layoffs. Based on Metso’s preliminary view, the planned estimated employee reduction need is approximately 240 positions globally, of which at maximum 90 are in Finland.
Content retrieved from: https://www.metso.com/corporate/media/news/2024/5/metso-plans-to-restructure-minerals-equipment-business-to-strengthen-competitiveness-and-improve-efficiency/.
