Finland-based minerals processing and metals company Metso is reviewing the future of its loading and hauling operations, which are based in Finland and Sweden, said the company in a press release on Tuesday.
As part of this process, Metso is planning, as a primary objective, to divest the loading and hauling 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 about 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 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,” said Saso Kitanoski, President, Consumables business area, Metso in the press release.
Metso on Tuesday started 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.
- Metso
- Stops
- Loading
- Hauling
Source: www.dailyfinland.fi
