Outokumpu cuts 200 jobs in Finland after finalised statutory negotiations
(Thomson Reuters ONE) -
PRESS RELEASE
14 December 2011 at 9.00 am EET
On 20 October 2011, Outokumpu announced plans to streamline its organization in
its transition towards sustainable profitability, improved cash flow and
building a solid platform for future growth. The employee negotiations initiated
in Finland in October have been concluded, resulting in some 200 job reductions.
Outokumpu plans additional cost efficiency improvement measures in support
functions during 2012 as part of the on-going cost cutting programme of EUR 100
million. Negotiations in other countries are on-going and are expected to be
finalised during the first quarter of 2012.
For further information please contact:
Kari Tuutti, SVP - Communications & IR, tel. +358 9 421 2432, mobile
+358 40 717 0830
OUTOKUMPU OYJ
Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our stainless
steel and services worldwide. Being fully recyclable, maintenance-free, as well
as very strong and durable material, stainless steel is one of the key building
blocks for sustainable future. Outokumpu employs some 8 000 people in more than
30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is
listed on the NASDAQ OMX Helsinki.www.outokumpu.com
ENG P100 release 14.12.2011:
http://hugin.info/3010/R/1571074/488667.pdf
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Source: Outokumpu Oyj via Thomson Reuters ONE
[HUG#1571074]
Unternehmensinformation / Kurzprofil:
Datum: 14.12.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 96779
Anzahl Zeichen: 2156
contact information:
Town:
Espoo
Kategorie:
Business News
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