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Provider: Reuters Investment Profile
Provider: MarketLine (a Datamonitor Company)
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents

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Outokumpu Oyj To Cut Up To 2,500 Jobs-Reuters-COMPLETE STORY

Thursday, 25 Apr 2013 02:02am EDT 

Reuters reported that Outokumpu Oyj announced that as part of its intention to significantly reduce its operating expenses and return the Company to profitability, the Company has on April 25, 2013 announced plans that are expected to result in job reductions. All in all, the Company expects to reduce up to 2,500 jobs globally between 2013 and 2017. In 2013, the Company plans to reduce up to 770 jobs globally of which up to 570 in Germany, up to 70 in Sweden and up to 30 in Finland. The planned reductions are related to the capacity reductions in Europe, particularly to the previously announced closure of Krefeld meltshop in Germany, as well as streamlining overlapping activities in sales, production, supply chain and support functions. 

Company Quote

0.174 +3.76%
8:56am EST