Metsä Board initiates change negotiations and discontinues the pre-engineering of investments to strengthen the company's profitability, cash flow, and competitiveness

Metsä Board Corporation Investor News 2 October 2025
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As part of the EUR 200 million cost savings and profitability improvement programme announced on 31 July 2025, Metsä Board will initiate change negotiations involving all personnel in Finland and start statutory negotiations in its other operating countries in accordance with local legislation. The change negotiations in Finland will begin no earlier than 7 October 2025.

The change negotiations are based on production-related, financial, and operational restructuring reasons. The aim is to adjust the company's cost structure, improve cash flow, enhance business operations, and strengthen the conditions for sustainable growth.

The change negotiations concern a total of slightly more than 2,000 employees. Possible measures could include redundancies and reorganisation of tasks and operations. The estimated need for reductions is up to 315 people, of which 155 are in Finland.

One-off costs related to the possible changes will be recorded as items affecting comparability, and more detailed reporting will be provided after the negotiations are concluded.

CEO Esa Kaikkonen: "The challenging market situation requires us to take consistent and effective measures. Adjusting the cost structure and enhancing operations are necessary to return business profitability to a sustainable level. At the same time, we are creating stronger conditions for long-term competitiveness and growth. Improving cash flow has started well and has delivered results. In the change negotiation process, our goal is open and constructive dialogue, and we are committed to supporting our staff in the best possible way."

Pre-engineering of investments will be discontinued

Metsä Board has evaluated the progress of its investment projects in the pre-engineering phase as part of the transformation programme and cash flow improvement. The company has, for its part, decided not to proceed with two significant investment projects for the time being, as their profitability is insufficient in the current market situation. These projects are the renewal of the drying machine at the Husum pulp mill and the barrier board development project at the Kyro board mill. Additionally, the investment project for the change of product produced on BM2 board machine at Husum in cooperation with Metsä Tissue will not be advanced for the time being, following the completion of pre-engineering work at the end of the year.

METSÄ BOARD CORPORATION

Further information:

Media 
Esa Kaikkonen, CEO, tel. +358 10 465 4300

Analysts and investors
Henri Sederholm, CFO, tel. +358 10 465 4913
Katri Sundström, VP Investor relations, tel.
+358 10 462 0101 


Metsä Board 
metsagroup.com/metsaboard

Metsä Board is a producer of lightweight and high-quality folding boxboards, food service boards and white kraftliners. The fresh wood fibres we use in our products are a renewable and recyclable resource, that can be traced back to Northern European forests. We aim to have completely fossil-free mills and raw materials by 2030. We promote a culture of diversity, equality and inclusion.

Metsä Board is listed on the Nasdaq Helsinki. In 2024 our sales totalled EUR 1.9 billion, and we have around 2,300 employees. Metsä Board is part of Metsä Group, whose parent company Metsäliitto Cooperative is owned by over 90,000 Finnish forest owners.

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