Metso withdraws proposal for extra dividend
After the Board decision of September 6 on a proposal on en extra dividend, Metso made a decision of the restructuring of its paper machine business. Taking this into consideration, the Board has concluded that it no longer believes that an extra dividend is warranted at this time.Withdrawing the proposal is in the Board’s view in the best interests of the company, its shareholders, the personnel and thereby Metso’s overall position and future development, the company writes in a press release.The restructuring measures of Metso's paper machines business menas that the company will reduce the number of employees at its sites in Finland with up to 630 people. As Papernet has reported, statutory negotiations with employee organizations have been initiated.