Metso plans lay-offs in Germany
Metso has concluded negotiations with the
workers council about lay-offs in Metso’s metal recycling business.
All personnel categories in Metso’s unit in Düsseldorf, Germany
are affected by the reductions, altogether 115 people.
The primary reason for the lay-offs is that
the demand for metal recycling equipment is weak due to low scrap
metal prices and decrease in steel production in Europe and North
America. The reductions are part of the process to streamline
Metso’s metal recycling business operations and structure, in
order to improve competitiveness in a changing business environment.