Outokumpu Group
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Stainless steel is sustainable durable and designed to last forever.
Outokumpu group. The seasonal year end maintenance work in tornio finland is expected to have an approximately eur 10 million negative impact on the fourth quarter result compared to the third quarter. 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 1000 10 of the group total mostly by the end of 2021. Outokumpu is the global leader in stainless steel choosing the right stainless steel is the key to maximize performance and optimize solutions in any industry. Outokumpu plans restructuring measures for cost savings and starts employee negotiations.
Finnish stainless steel manufacturer outokumpus on thursday said it planned to cut 1000 jobs and scrap its dividend for its 2019 financial year after reporting a big drop in third quarter core. Outokumpu companies are the inventors of stainless steel and the group still operates in countries which were instrumental in its discovery. Finnish stainless steel manufacturer outokumpus on thursday said it planned to cut 1000 jobs and scrap its dividend for its 2019 financial year after reporting a big drop in third quarter core. Outokumpu oyj is a group of international companies headquartered in helsinki finland employing 10600 employees in more than 30 countries.
Stainless steel is an ideal material to create lasting solutions in demanding applications from cutlery to bridges energy. Outokumpu expects its stainless steel deliveries for the whole group to remain stable in the fourth quarter compared to the third quarter. We create advanced materials that are efficient long lasting and recyclable helping to build a world that lasts forever. We create efficient long lasting and recyclable materials thus.
Outokumpu is a global leader in stainless steel.
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