Metsä to reduce LVL and glulam production due to weak market

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Metsä/IHB
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Metsä Wood, the wood products business area of Metsä Group, is beginning statutory labour negotiations in order to adjust production in response to decreased demand at its Kerto LVL mills in Punkaharju and Lohja (Finland), and at its glulam mill in Hartola (Finland), the company said in a press release. The negotiations announced today concern some 370 people in total.

Metsä says the this decision comes after the prolonged and strong decline in the construction industry which continues in Finland and throughout Europe. As a result, demand for Kerto LVL and glulam products has been weaker than expected.

The statutory labour negotiations are expected to be concluded during September. Metsä says that the aim is to keep production curtailments to a minimum and they are planned to be implement through temporary layoffs. At the Kerto LVL mills, the curtailments are scheduled to occur mainly by the end of January 2015 and their duration is two weeks at maximum. The curtailments at the glulam production are scheduled by the end of the first quarter of 2015 and their duration is 12 weeks at maximum.

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