Published September 18, 2013
HELSINKI – Finnish engineering firm Metso
Metso estimated in August that it might cut up to 750 jobs.
Metso said it plans to spin off and list its pulp, paper and power (PPP) unit into a new company called Valmet to boost growth. Shareholders are due to vote on the plan later this year.
(Reporting by Terhi Kinnunen; Editing by Louise Heavens)