Finnish engineering company Metso Corp. (MEO1V.HE) Monday said it may cut up to 2,700 jobs from its workforce of 28,000 due to falling demand.
The company, which supplies technology for the mining, power generation and paper industries, said it will start talks with staff about cutting 900 to 1,200 jobs in its Finnish units serving the paper industry. It also plans to ax about 200 jobs and make up to 1,000 temporary layoffs at its Finnish. (WSJ)
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