|
|||
2009-06-18 11:02:20 CEST 2009-06-18 11:02:53 CEST REGULATED INFORMATION Metsäliitto Osuuskunta - Company AnnouncementThe statutory labour negotiations concerning Metsäliitto Wood Products Industry's sawmills have endedMetsäliitto Group Stock Exchange release 18 June 2009 at 12:00 noon The statutory labour negotiations concerning Metsäliitto Wood Products Industry's sawmills have ended Metsäliitto continues to take measures in order to improve the profitability of sawmilling and will temporarily lay off the personnel at all of its sawmills in operation for two to four weeks due to the weak market situation of sawn timber and the poor availability of competitively priced wood raw material."For a long time, we have adjusted production at all of our sawmills according to the market situation. Timber with competitive prices in comparison to end-product market prices has not been sufficiently available, which means that we have to curtail our production," says Ole Salvén, Group Executive Vice President of Metsäliitto Wood Products Industry."Metsäliitto Wood Supply has been very active in purchasing log timber, and our market share has been high, but the volume of timber trade has not been sufficient. It would be important to make the timber trade successfully pick up already during the summer so that production at sawmills can be launched in the autumn," emphasises Juha Mäntylä, Group Executive Vice President of Metsäliitto Wood Supply. The statutory labour negotiations, which ended on 17 June, concerned a total of 380 people. The temporary layoffs, ranging from two to four weeks, will be carried out as an extension to summer holidays. When necessary, the temporary layoffs will continue in the autumn according to the market situation. In total, the temporary layoffs will last a maximum of 90 days. Moreover, Metsäliitto Wood Products Industry's Kaskinen upgrading will give notice of termination of employment to a total of 20 employees as a result of the statutory labour negotiations that ended on 16 June. The reduction need is based on the transfer of contract manufacturing of consumer products intended for the United Kingdom's DIY market from Kaskinen to UK, cost saving measures as well as the organisation's resizing to meet the production volumes. For more information: Ole Salvén, Group Executive Vice President, Metsäliitto Wood Products Industry, Finnforest, tel. 010 465 4870 Juha Mäntylä, Group Executive Vice President, Metsäliitto Wood Supply, tel. 050 352 5528 Päivi Kauhanen, Metsäliitto Corporate communications, tel. +358 50 598 9560 |
|||
|