Metsä Wood to cut 100 positions following restructuring talks

Metsä Wood will reduce approximately 100 positions in Finland and Estonia following the completion of restructuring negotiations aimed at improving profitability and adapting to changing market conditions. The company, which is part of Metsä Group, announced that the negotiations launched in May have now concluded. As a result, 72 employees will either be laid off or see significant changes to their job responsibilities. According to the company, the measures are intended to address weaker profitability and ongoing changes in the operating environment. Metsä Wood employs around 1,600 people and manufactures a range of engineered wood products ...