Metso Corp. (MXCYY.PK) announced the company has concluded employee negotiations in its different businesses in Finland. As a result, the company will reduce a total of 101 jobs. Temporary lay-offs in Vantaa will commence in February.
At the start of the negotiations, the reduction need was estimated to be a total of about 160 jobs.
The overall target of the employee negotiations is annual savings of approximately 8 million euros. The cost reductions are estimated to be realized in full during 2013.
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by RTT Staff Writer
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