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Provider: Reuters Investment Profile
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Rautaruukki Oyj to Initiate Employer-Employee Consultations in Offshore Business Units


Wednesday, 2 Jan 2013 07:00am EST 

Rautaruukki Oyj announced that it is to initiate employer-employee negotiations concerning temporary layoffs and redundancies for financial and production-related reasons in Kalajoki, Helsinki, Peraseinajoki and Tampere in Finland. These negotiations affect the entire offshore business - a total of 69 persons comprising 51 workers, 10 salaried employees and eight senior salaried employees - at the sites mentioned. The order book in Ruukki's offshore business is weak and so the Company is exploring different options to restructure operations at the Kalajoki unit. The time of any temporary layoffs and workforce reductions will become clear as the negotiations progress. 

Company Quote

11.14
0.03 +0.27%
11:29am EDT