Ruukki Metals to further improve efficiency and adjust operations in
Finland
(Thomson Reuters ONE) - Rautaruukki Corporation Stock exchange release 22 October 2009 at12.05Ruukki Metals, which is responsible for Ruukki's steel production andsteel service centres, is to further improve long-term efficiency andprofitability and to adjust operations to weak market conditions. Tothis end, Ruukki Metals is to initiate employer-employee negotiationsregarding workforce reductions and temporary layoffs."We're seeking permanent improvements and substantially betterprofitability. Service centre operational efficiency will be improvedby centralising the product portfolio and expertise between units toprovide faster, more flexible customer service. Regrettably, thesemeasures will also mean workforce reductions and temporary layoffs,"says Olavi Huhtala, President, Ruukki Metals.There are plans to merge the Puurtajankatu service centre inJärvenpää with the Asponkatu service centre in Järvenpää, Finland. Inaddition, there are plans to merge the operations of the servicecentre in Seinäjoki with those of the one in Kiiluntie in Raahe. Theoperational efficiency of the steel centres in Hyvinkää and Naantali,Finland is to be improved. It is estimated that actions to improvethe operational efficiency of all seven steel service centres inFinland will result in a need to reduce the workforce by a total ofaround 175 persons. The employer-employee negotiations will exploreredeployment and re-training possibilities, as well as pensionarrangements.In addition, due to weak market conditions, employer-employeenegotiations are to be initiated regarding possible temporary layoffsin plate and prefabricated steel product operations in Raahe and inoperations at the steel service centres in Hyvinkää, Asponkatu inJärvenpää and Kiiluntie in Raahe, Finland. A total of around 670people are affected by the negotiations. The implementation oflayoffs will become clear at each site as the negotiations progress.Ruukki Metals division employs around 5,500 people. It is estimatedthat improved operational efficiency will deliver permanent savingsof around EUR 20 million at an annual level. Measures to adjustoperations are estimated to deliver savings of around EUR 7 millionand will be implemented during the first half of 2010.For further information, please contact:Olavi Huhtala, President, Ruukki Metals, tel. +358 20 592 9157Sakari Kallo, Senior Vice President, Production, Ruukki Metals, tel.+358 20 592 8888Rautaruukki CorporationAnne PiriläSVP, Corporate Communications and Investor RelationsRautaruukki supplies metal-based components, systems and integratedsystems to the construction and engineering industries. The companyhas a wide selection of metal products and services. Rautaruukki hasoperations in 26 countries and employs 12,200 people. Net sales in2008 totalled EUR 3.9 billion. The company's share is quoted onNASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation usesthe marketing name Ruukki.DISTRIBUTION:NASDAQ OMX HelsinkiMain mediawww.ruukki.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 22.10.2009 - 11:05 Uhr
Sprache: Deutsch
News-ID 7275
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