Outokumpu taking action to adjust to the weak stainless steel market
STOCK EXCHANGE RELEASENovember 10, 2008 at 13.15 pm As Outokumpu stated in the outlook of its third quarter interimreport, the stainless steel demand is currently weak and the companyexpects its fourth quarter delivery volumes to be at about the samelevel or slightly above the volumes in the third quarter, which isclearly below the company's full production capacity. Due to the currently low order load, Outokumpu will start statutorynegotiations on temporary layoffs at the Tornio plant in Finland. Thelayoffs would apply to selected production lines, maintenance and tosome office