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(08/20/2015 / rkj)
Metsä Group adjusts production at its spruce sawmills in Finland
Metsä Wood, the wood products business of Metsä Group, will start statutory employee negotiations to adjust its production in sawmills in Finland. Oversupply and price competition that have prevailed in the sawn timber market have resulted in poor price development of Finnish sawn timber.
Metsä Wood is planning to lay off all of its employees at the Vilppula and Renko sawmills for a maximum period of three weeks. The statutory employee negotiations are expected to be completed during August, and any restrictions will primarily be implemented by the end of November 2015.
The market situation for pine sawn timber is challenging as well, and its development will be monitored closely during the autumn.
