After negotiating with its workforce in Finland, Metso has announced it will shed 44 jobs in its minerals business instead of the 75 originally estimated.
The company said the move is part of its transformation to a more focused company with leaner and more agile operating models to drive growth and profitability.
“Our order volumes are affected by the market downturn in the minerals industry,” said Markku Simula, head of Metso's Aggregates business.
“The decisions that have now been made are necessary to maintain our competitiveness and achieve our financial targets. We need to increase the efficiency and productivity of our operations.”
Metso will also continue temporary lay-offs in its minerals operations in Finland during 2016. The number and duration will depend on the work load and the volume of orders received and may affect all personnel groups.
Metso is helping the personnel affected by the lay-offs through its employment support programme, which offers assistance with re-employment and possible relocation support.