Metso invests US$2.3 million to level pay gaps
20 June 2022
Following a global review of its pay practices, Metso Outotec has made a one-time investment of €2.2 million (US$2.3 million) to correct gender-related pay gaps.
Around 500 of employees in 20 different countries will benefit from the payment as a result of the pay review.
The review, which covered all of the waste processing equipment manufacturer’s operations around the world, found that although existing policies were largely positive and gave a good platform for employees to earn an unbiased salary, there were some cases where gender-related pay risks existed.
Pekka Vauramo, president and CEO of Metso Outotec, said: “Building an inclusive culture is a priority at Metso Outotec and acting on the gender-related pay gap findings was only one concrete action for 2022.
“We continue building awareness and capabilities globally and ensure that there are good processes in place to support equal treatment of our employees across the organisation.”
The company claims that the salary differences originated mostly as a result of decisions made during the hiring process.
According to Metso Outotec, since the review “managers have become more aware of potential biases in the salary setting,” and they will “continue to strengthen the recruitment process to ensure unbiased salary decisions.”
Marjut Kumpulampi-Santos, vice president of talent and inclusion at Metso Outotec, said: “We are proud of the work we have accomplished so far in driving our diversity and inclusion agenda at Metso Outotec. Going forward, more actions will follow.
“In 2022, we continue increasing awareness inside the organisation and providing inclusion and psychological safety trainings for all employees. We are developing inclusive recruitment practices and looking at ways to remove barriers and bias from our processes.”