Metso Outotec to reorganize its Metals business

Metso Outotec is reorganizing its Metals business as part of the turnaround program. The target is to create an operational model for Metals capital and services that suits the scale and nature of the business currently and meets the specific demands of the Metals refining segment customer base. 
Approximately 1,100 employees working with the Metals capital and service business around the world are within the scope of the restructuring program. According to the plans, restructuring is estimated to lead to a maximum of 160 redundancies in the Metals operations globally, corresponding to targeted savings of EUR 15M. These figures include personnel working in Finland, where the number of redundancies is estimated to be 60 employees at most. The impact of the restructuring on different employee groups will be determined during the Q1 of 2021.