As part of this process, Metso is planning, as a primary objective, to divest the above-mentioned business to an external party.
If a suitable buyer cannot be found, the company will consider discontinuing and winding down the operations in Finland and Sweden. These operations have approximately 110 employees, the majority of whom are in Finland.
”This type of considerations are never taken lightly, hence this announcement comes after a careful evaluation. We recognize and highly value the dedication and professionalism of our employees in the loading and hauling business. We believe that the business’ value and future potential can be best realized under new ownership. We will work actively to identify the interested parties. During this process, it goes without saying that we will actively take care of our customer commitments,” says Saso Kitanoski, President, Consumables business area, Metso.
Metso will today start consultation processes in Finland and Sweden in accordance with country-specific legislation to address the planned changes and their potential impacts. Any decisions and further steps will be taken only after the local union negotiations have been completed.
The loading and hauling business has operations in Kokkola and Kalajoki, Finland, as well as in Luleå, Sweden. The unit produces, among others truck bodies, buckets and ground engaging tools for various applications in both mining and aggregates.
