05
Nov
10:22
Outokumpu to cut 10% of workforce, mostly Europe
Outokumpu is starting the negotiation processes to cut its total global workforce by some 1,000 units (some -10%) by the end of 2021.
In a note seen by Kallanish, the company notes that negotiations will commence immediately. Most cuts will be in Finland (270), Germany (250) and Sweden (190). Further reductions are also planned across European and Americas operations.
“Due to the challenging market situation with continuing high import pressure in Europe an…
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