US EditionMetsä Group prepares to cut 540 jobs in Finland amid losses
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9 Articles
Helsinki Times
einnews.comMetsä Group prepares to cut 540 jobs in Finland amid losses
Metsä Group has announced statutory negotiations that may lead to the loss of 800 permanent jobs, with 540 of them in Finland. The move follows a cost-saving programme aimed at securing €300m in annual savings as the forestry company struggles with weak demand and mounting losses. The company said the cuts will affect all its business areas and group operations. No factories are expected to be shut down, but the measures include restructuring, c…
Metsä Group CEO Jussi Vanhanen says in a press release that profitability has weakened.
Of the approximately 5,600 jobs offered by Metsä Group in Finland, an estimated 540 jobs are under threat of reduction.
Metsä Group is initiating restructuring negotiations that could result in the loss of 800 jobs, 540 of which are in Finland.
In addition to the change negotiations, Metsä Board is suspending two investments that were in the preliminary planning stage. The negotiations are estimated to result in a maximum of 315 layoffs.
Tärkeimmät talousuutiset | Kauppalehti…
The negotiations are estimated to result in the dismissal of a maximum of 315 people.
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