Metso plans to restructure Minerals equipment business
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Metso plans to implement structural adjustments in certain parts of its Minerals equipment business.
The planned measures will address the changes in the market environment that are driven by, for example, an increasing emphasis on strategic minerals that support the energy transition. The planned changes will improve agility, extend customer reach and coverage, and enable better alignment towards customers. At the same time, Metso seeks to implement efficiency improvements to compensate for slow decision making that is influencing large customer investments.
As a result, Metso will start local consultation processes that will affect parts of the Minerals equipment business and the related market area operations. The planned changes include organisational realignment and other efficiency measures as well as permanent and temporary layoffs. Based on Metso’s preliminary view, the planned estimated employee reduction need is approximately 240 positions globally, of which at maximum 90 are in Finland.
Read the article online at: https://www.globalminingreview.com/mining/08052024/metso-plans-to-restructure-minerals-equipment-business/
You might also like
Troilus agrees copper-gold concentrate offtake terms with Boliden
Troilus Gold Corp. has agreed to indicative commercial offtake terms with Boliden Commercial AB for the sale of copper-gold concentrate from the company’s Troilus Project in Quebec.