Outokumpu plans restructuring measures for cost savings and starts employee negotiations
Outokumpu OyjInsider informationNovember 5, 2020 at 12.01 pm EETOutokumpu plans restructuring measures for cost savings and starts employee negotiations Outokumpu is starting employee negotiation processes in selected operating countries with the plan to create cost savings by restructuring and reducing total employee headcount by up to approximately 1,000 (10% of the Group total) mostly by the end of 2021. Due to the challenging market situation with continuing high import pressure in Europe and the COVID-19 pandemic impacting the global economy, it is crucial to ensure the company’