M-real has concluded the statutory negotiations at the Simpele mill, which were initiated in September. To improve the profitability of the mill, M-real has decided to transfer the Simpele speciality paper production to Gohrsmühle mill in Germany.The Simpele speciality paper machine is expected to be closed by the end of the year. The related personnel reduction is to be maximum 70 people.The planned actions are expected to improve M-real's operating result by approximately four million Euros per annum. The closure of the Simpele machine reduces the European annual speciality paper overcapacity by approximately 50,000 tons.In close co-operation with local authorities, M-real will assist redundant employees to find new employment. In addition, M-real will also facilitate redeployment, if possible, by offering employment opportunities internally within the company or other Metsäliitto businesses.