Outotec completes employee cooperation negotiations in Finland
(Thomson Reuters ONE) -
OUTOTEC OYJ STOCK EXCHANGE RELEASE DECEMBER 4, 2013 at 1.00 PM
Outotec completes employee cooperation negotiations in Finland
The employee cooperation negotiations concerning Outotec's operations in Finland
have been completed. The negotiations began on October 21, 2013. As a result,
Outotec will reduce in total 101 jobs in Finland, of which approximately half
through redundancies and the other half through retirements and discontinuing
temporary employments. The estimated need for redundancies in Finland at the
beginning of the negotiations was approximately 60. Outotec employed 1,523
persons in Finland at the end of September.
Redundancies will be made in Espoo, Pori, Lappeenranta and Turku operations due
to reduced workload and restructuring. Most of the reduction measures will be
completed in Finland by the end of 2013. Outotec offers financial support for
the persons made redundant as well as training programs to support re-employment
and entrepreneurship.
In addition to personnel reduction, temporary lay-offs will take place in the
Turula works and may also be used in other locations during 2014 to achieve the
targeted savings, depending on the development of the market environment and
Outotec's order intake.
The negotiations were part of Outotec's global efficiency improvement program,
launched in October 2013 and targeting up to EUR 50 million annualized savings
in operational costs by the end of 2014 compared to the Q3/2013 situation. The
estimated reduction need globally was maximum 500 employees.
Further information will be provided during the course of the efficiency
improvement program and the achieved savings will be reported quarterly.
For further information please contact:
OUTOTEC
Minna Aila, SVP - Communications & Corporate Responsibility
Tel. +358 20 529 2455
Email: firstname.lastname(at)outotec.com
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www.outotec.com
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Source: Outotec Oyj via GlobeNewswire
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Unternehmensinformation / Kurzprofil:
Datum: 04.12.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 322871
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