Metso’s nonrecurring expenses related to the adjustment measures
Metso has made decisions on adjustment measures in many of its units during the early part of the year. In the first quarter, Metso plans to recognize in its operating profit about EUR 22 million of nonrecurring expenses related to these adjustment measures. Almost EUR 17 million of the expenses relate to Paper and Fiber Technology, close to EUR 2 million to Energy and Environmental Technology and close to EUR 4 million to Mining and Construction Technology. The nonrecurring expenses derive mainly from the permanent personnel reductions of about 1,800 employees and closure of units, decisions that Metso had taken in its various units since the beginning of this year. About one-half of the personnel reductions involve Metso operations in Finland....more at marketwire.com
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