Finance
Metsa Board closes Tako mill, could cut up to 215 jobs
Published by Global Banking & Finance Review®
Posted on January 16, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 16, 2025
1 min readLast updated: January 27, 2026
Metsa Board plans to close its Tako mill, potentially cutting 215 jobs due to high energy costs and market conditions.
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)
The article discusses Metsa Board's decision to close its Tako mill, potentially cutting up to 215 jobs due to high energy costs and market conditions.
Metsa Board is closing the Tako mill due to weakened cost competitiveness from high energy costs and the mill's small production lines.
The change negotiations involve around 360 employees and are expected to last at least six weeks.
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