Metsä 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, changes in duties, and efficiency improvements across procurement, logistics and the wood supply chain.

The preliminary breakdown of planned reductions in Finland includes around 140 jobs in Espoo, 70 in Äänekoski, 60 in Kemi, 40 in Simpele, 35 in Lappeenranta and Joutseno, and a further 190 spread across other locations. The company employs about 9,600 people globally, including 5,600 in Finland.

Metsä Group has reported losses this year, with both pulp and paperboard prices at low levels. Timber has also been affected, while wood raw material costs in Finland remain high.

“Employees have done good work within our current operating model. Unfortunately, it isn’t enough in this situation. We must tackle the things that are in our own hands and shape our operations to ensure long-term competitiveness,” Vanhanen said.

Metsä Group prepares to cut 540 jobs in Finland amid losses – Helsinki Times

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