Tamfelt has been a part of Metso Corporation since December 28, 2009. During the first months of 2010, Metso and Tamfelt have been integrating their operations. The market situation in Tamfelt’s line of business continues to be challenging.

For economic and production reasons, and due to the reorganization of operations, the company has today given a negotiation proposal according to the employee negotiations act to the representatives of all personnel groups at Tamfelt Corp. and Tamfelt PMC Corp., both Tampere and Juankoski plants. The negotiations do not apply to office staff and workers at the production departments.

The employee negotiations will discuss the measures needed to adjust the operations to the present situation. Measures that can be used are temporary lay-offs, part-time work, and layoffs. The need for personnel reduction is maximum 30 people. The negotiations will be completed in June 2010.

In addition to personnel reductions, the operations will be made more efficient and cost efficiency will be improved also through other measures, in order to secure competitiveness and operations also in the future.

Tamfelt is part of Metso’s Paper and Fiber Technology segment and it employs about 900 people in Finland.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries.www.metso.com

For more information, please contact:
Martti Heinola, President, Tamfelt PMC Corp., tel. +358 40 594 4254
Kimmo Pärssinen, CFO, Tamfelt Corp., tel. +358 40 505 3755