COPENHAGEN (Reuters) - Finland's Metsa Board said on Thursday it would close its Tako mill and improve the efficiency of its Kyro mill, cutting up to 215 positions across the two plants, citing weaker
Metsa Board Announces Closure of Tako Mill, Job Cuts Expected
COPENHAGEN (Reuters) - Finland's Metsa Board said on Thursday it would close its Tako mill and improve the efficiency of its Kyro mill, cutting up to 215 positions across the two plants, citing weaker markets and rising costs.
"The cost competitiveness of Tako board mill is particularly weakened by its high energy costs and the small size of its production lines," Metsa Board said in a statement.
"The development of the mill is limited by its exceptional location in the centre of the city of Tampere," it added.
Metsa Board said its change negotiations would in total involve around 360 employees and that they were expected to last at least six weeks.
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
