Metso has confirmed its intention to begin looking at the future of its loading and hauling operations in Finland and Sweden.
A key priority of this process is to divest these businesses to a “suitable buyer” but if that does not eventuate, Metso will look at “discontinuing and winding down” these businesses in Finland and Sweden.
“This type of considerations are never taken lightly, hence this announcement comes after a careful evaluation. We recognise and highly value the dedication and professionalism of our employees in the loading and hauling business,” Metso consumables business area Saso Kitanoski said.
“We believe that the business’ value and future potential can be best realised 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.”
The Finland and Sweden have 110 employees with the majority in Finland. The loading and hauling business has operations in Kokkola and Kalajoki, Finland, as well as in Luleå, Sweden. The operations specialise in producing truck bodies, buckets and ground engaging tools for mining and aggregates applications.
“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,” Metso wrote in its release.
