(Finland)--Jan 09, 2009--M-real Corporation, part of Metsäliitto Group, has started statutory negotiations concerning mill operations in Finland. Possible actions will be decided locally at the units. All in all, the negotiations concern about 1,500 people.
The target of the negotiations is to prepare the production temporarily for lower demand by temporary lay offs and working time arrangements. This is thus an anticipatory measure if no significant improvement in the demand situation experienced in late 2008 emerges.
M-REAL CORPORATION
Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321
Juha Laine, Vice President, IR and Communications, tel. +358 10 465 4335
M-real is Europe’s leading primary fibre paperboard producer and a major supplier paper. It offers premium solutions for consumer packaging and communications and advertising end-uses. M-real’s sales network serves brand owners, converters, publishers, printing houses, merchants and office suppliers.
M-real is part of Metsäliitto Group and is listed on the NASDAQ OMX Helsinki Ltd. In 2007, M-real’s sales totalled EUR 3.5 billion. M-real has approximately 7,000 employees.
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