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Metso Outotec Completes Reorganization

Metso Outotec confirmed the completion of the reorganization of its metals business as part of a program it first announced in December 2020. The move reorganized the segment’s operational model, the company said, to better meet the needs of customers.

“When the negotiations related to the reorganization started … the estimated need for reduction was a maximum of 160 permanent redundancies in the metals operations globally, including up to 60 redundancies in Finland,” Metso Outotec said. “As a result of the negotiations, approximately 100 jobs will be reduced globally, including 15 in Finland.”

It said most of the reductions it made worldwide were redundancies. The balance was through other arrangements such as retirements, non-renewal of fixed-term contracts and voluntary resignations. A total of 50 employees were retained by Metso Outotec and will be working in other areas of the company.

All told, the group said that the metals segment reorganization could save it EUR 15 million annually.

“During the negotiations, we carefully evaluated all opportunities with the target to find the best possible options to meet the needs of our customers and employees. The now completed reorganization empowers the Metals business lines for efficient use of resources and faster decision-making,” said Jari Ålgars, president, metals business area at Metso Outotec.