Metsäliitto Wood Products Industry Press Release 12 March 2010 The statutory labour negotiations concerning the continuation of operations at the Kyröskoski sawmill of the Metsäliitto Wood Products Industry have been completed. The negotiations could not identify a profitable solution for the continuation of the sawmill operations from an overall perspective, and Metsäliitto has made a decision to close down the mill, which has been showing a loss. "On the basis of calculations concerning the preconditions for profitable production and the sufficiency of competitively available spruce and pine logs, a solution for continued operations could not be found. Focusing production on units where the conditions enable operation at an optimal level is necessary for profitable activities," says Ole Salvén, Group Executive Vice President of Metsäliitto Wood Products Industry. Metsäliitto will do its best to help find work for those who will lose their job either within the Metsäliitto Group or in other companies. The cooperation negotiation parties agreed on a support package that will facilitate employment and secure the financial position of the personnel in the new situation. The Kyröskoski spruce sawmill is located in Hämeenkyrö. The annual volume of sawn timber produced at the mill is approximately 200,000 cubic metres and the number of employees is 62. Over 50% of the production is exported, about 25% is delivered to Metsäliitto Wood Products Industry for processing and the remainder is supplied to domestic sales. Operations at the Kyröskoski sawmill have been suspended since January 2009. More information: Ole Salvén, Group Executive Vice President, Metsäliitto Wood Products Industry, Finnforest, tel. +358 10 465 4870 Juha Mäntylä, Group Executive Vice President, Metsäliitto Wood Supply, tel. +358 10 465 4244 Satu Holm-Jumppanen, Communications Manager, Metsäliitto Wood Products Industry, tel. +358 10 465 4684
Metsäliitto Wood Products Industry will close down the Kyröskoski sawmill
| Source: Metsäliitto Osuuskunta