Metso to close mining manufacturing plant in York
The decision affects the plant's approximately 80 employees. Metso’s office operations in York will not be affected, and the company will continue to offer Metso’s full range of engineering, equipment and services to its customers.
“The mining industry is changing their business model to cope with the current market outlook. This is a permanent change in the mining industry, and we need to find new and more efficient ways to run our business. After careful evaluation of our supply chain model, as well as the current and future workload, we did not see any other option than to close the York manufacturing plant. This is a very unpleasant, but necessary, action for us," João Ney Colagrossi, Metso's minerals business area president, said.
Metso continues to transform its mining-business operations by implementing a leaner business model, using fewer assets and a sourcing concept to fulfill customer demand while sustaining improved operating results. Previously, Metso closed the Lachine manufacturing plant in Quebec, Canada, earlier this year, affecting 191 employees.