Metso to Lay Off Workers as Part of Restructuring Plan

The company is restructuring its minerals equipment business.

Kristen Kazarian, Managing Editor

May 6, 2024

1 Min Read
Metso said in a statement that 240 workers globally will be laid off, either permanently or temporarily.Metso

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 an increasing emphasis on strategic minerals that support the energy transition, for example. The planned changes will improve agility, extend customer reach and coverage, and enable better alignment toward customers.

At the same time, the company will seek to implement efficiency improvements to compensate for slow decision-making that is influencing large customer investments.

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.

Headquartered in Espoo, Finland, Metso employs more than 17,000 people in nearly 50 countries.

About the Author(s)

Kristen Kazarian

Managing Editor

Kristen Kazarian has been a writer and editor for more than three decades. She has worked at several consumer magazines and B2B publications in the fields of food and beverage, packaging, processing, women's interest, local news, health and nutrition, fashion and beauty, automotive, and computers.

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