Metsa Board closes Tako mill, could cut up to 215 jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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Source: Reuters
Closure and Job Cuts: Metsa Board will close its Tako mill and enhance efficiency at its Kyro mill, resulting in up to 215 job cuts due to weaker markets and rising costs.
Negotiation Process: The company is initiating change negotiations affecting around 360 employees, expected to last at least six weeks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
