Metsä Group has initiated statutory negotiations concerning all of its business areas and group operations, including planned measures that could lead to a permanent reduction of 800 jobs.
A €300m cost savings and profit improvement programme was initially announced on 31 July 2025 and is now complete: Metsä Group confirmed it will initiate statutory negotiations concerning its personnel as part of it.
Jussi Vanhanen, President and Chief Executive of Metsä Group, said: “Our profitability has been undermined by three factors.
“First, increased uncertainties in global trade have reduced demand for our products.
“Second, changes in exchange rates have weakened our result and will continue to do so.
“Third, the increase in raw material costs and the general cost level has eroded our profitability.
“We operate in a capital-intensive business in which lower utilisation rates due to weak demand combined with clearly higher costs create an unsustainable equation that must be addressed.”
The planned measures may lead to a permanent reduction of 800 permanent jobs. Some 540 jobs are expected to be in Finland.
The negotiations will not include permanent closures of production units.
