Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 16, 2025

Metsa Board closes Tako mill, could cut up to 215 jobs

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)

Recommended for you

  • EU not ready to enforce pollution rules, airlines say

  • Ferrexpo notes media reports its Ukraine unit faces accusations of illegal mining

  • Hungary says EU should talk to Trump before Russia sanctions renewal decision