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Breaking News -
Milwaukee, WI, USA --September 30, 2003-- Metso Minerals will downsize its manufacturing units in in the United States, Finland and France in order to streamline the cost structure and reduce overcapacity.
At the manufacturing plant in Milwaukee,
WI, USA, production of heavy-duty mining crushers and other products
will cease by the end of June, 2004. The decision will affect approximately
100 employees. The manufacturing of Milwaukee products will be transferred
to other Metso units and partly outsourced to North American subcontractors.
Functions not related to manufacturing will continue in Milwaukee. These
include sales, marketing and R&D.
At the Tampere crusher plant in Finland,
the downsizing affects approximately 80 - 100 employees. The manufacturing
of some Tampere products will be transferred to other Metso units. Due
to the weakening load situation at Tampere, negotiations on temporary
layoffs will also be started. Metso Minerals has approximately 850 employees
in Tampere, Finland.
Efficiency improvement measures will
also start in the Mâcon unit in France as well as at Metso Minerals
headquarters. In Mâcon Metso Minerals has 275 employees. Metso Minerals
headquarters currently employ 65 people and the actions will affect
about 20 positions.
The annual cost savings of the actions
that have now reached their implementation stage amount to EUR 18 million.
The corresponding nonrecurring cost is EUR 21 million.
Metso Minerals has globally over 40
manufacturing units and the business area employed almost 10,800 persons
at the end of 2002.
The earlier announced reduction of about 300 employees
in Metso Paper's North American operations will reach the implementation
stage for approximately 100 employees in October. The annual cost
savings of these actions is approximately EUR 9 million. The corresponding
nonrecurring cost is approximately EUR 10 million. Metso Paper has
about 1,500 employees in 15 units in North America. The rest of the
actions to reduce Metso Paper's personnel in North America will be
specified by the end of the year 2003. Related to the analysis on decreasing
in-house manufacturing capacity in the Nordic countries, Metso Paper
has started planning the outsourcing of Turku Works and the component
production related to papermachine finishing equipment in Järvenpää,
Finland. These two units together employ together about 200 people.|
The above mentioned actions are part
of Metso Corporation's efficiency improvement program to streamline
the long term cost structure and accelerate profitability improvement.
The program aims at an annual result improvement of approximately EUR
100 million, of which Metso Paper will account for EUR 30-40 million,
Metso Minerals for EUR 50-60 million and Metso Automation for EUR 10
million.
In addition to streamlining the cost
structure and improving the operational efficiency Metso aims to strengthen
its long term competitiveness while directing resources more clearly
towards Metso's transformation in order to respond to customer needs.
Metso Corporation
is a global supplier of process industry machinery and systems, as well
as know-how and aftermarket services. The corporation's core businesses
are fiber and paper technology (Metso Paper), rock and mineral processing
(Metso Minerals) and automation and control technology (Metso Automation).
In 2002, the net sales of Metso Corporation were EUR 4.7 billion and
the personnel totaled approximately 28,500. Metso Corporation is listed
on the Helsinki and New York Stock Exchanges.
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Source: Hughinonline
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