M-real Negotiating 50 Personnel Trim-up at Äänekoski Mill

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M-real Corp., part of Metsäliitto Group, Finland, reports that it will start statutory negotiations at the Äänekoski paper mill in Finland on August 9. The statutory negotiations notice, released at the beginning of this week, covers the total workforce of about 250 personnel at the Äänekoski mill, with a maximum reduction need estimated to be 50 people, the company notes. Effects on the personnel are expected to be realized during 2011, at the latest.

M-real explains that the statutory negotiations are based on efficiency improvement measures at the Äänekoski mill to improve its profitability. This past March 29, the company announced its plan to invest approximately EUR 6 million in sheeting operations at the mill, to increase sheeting capacity, streamline the conversion process, and improve package quality and the mill’s profitability.