Outotec starts employee cooperation negotiations to streamline certain units in Finland and Germany
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE NOVEMBER 17, 2016 at 2.00 PM
Outotec starts employee cooperation negotiations to streamline certain units in
Finland and Germany
Outotec continues to adjust its operations due to prolonged weak market
situation for the metals refining solutions. The company is analyzing the
resourcing needs and restructuring opportunities in its Metals, Energy & Water
business unit globally and will start employee cooperation negotiations about
the restructuring and possible reduction of workforce in certain units in
Finland and Germany.
In Finland, the restructuring may lead to the reduction of maximum 60 permanent
employees working for the Metals, Energy & Water business unit. Of these planned
reductions, maximum 40 are in the Turula manufacturing facility to adjust
resources to the low workload and streamline operations. Depending on capacity
utilization, temporary lay-offs may also be used in these units.
In Germany, the restructuring may lead to the reduction of approximately 100
permanent positions. Some individual redundancies may also be made in other
countries.
In total, the restructuring may lead to the reduction of maximum 200 employees
globally through redundancies.
"The market environment has continued to be challenging in metals refining. For
this reason, we need to continue adjusting our operations and improve our cost
structure in Metals, Energy & Water. The actions we need to take are tough but
necessary to ensure our competitiveness", says Kalle Härkki, head of Outotec's
Metals, Energy & Water business unit.
Outotec has globally 4,170 employees, of which approximately 1,400 are working
in Metals, Energy & Water business unit.
For further information please contact:
OUTOTEC
Kalle Härkki, President of Metals, Energy & Water business unit
Tel. +358 20 529 211
Eila Paatela, head of Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198
Emails: firstname.lastname(at)outotec.com
DISTRIBUTION:
Main media
www.outotec.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Outotec Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 17.11.2016 - 13:00 Uhr
Sprache: Deutsch
News-ID 507837
Anzahl Zeichen: 2737
contact information:
Town:
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Kategorie:
Business News
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