Brief: Elkem To Reorganize, Cut Costs, Lay Off 300 FTEs

Elkem ASA

11/03/2026 06:15

March 11 (Reuters) - Elkem ASA ELK.OL:

INTRODUCES NEW CORPORATE STRUCTURE AND COST REDUCTIONS AFTER SILICONES DEAL

ANNOUNCES NOK 1.3 BILLION CASH OPTIMISING MEASURES AND NOK 0.6 BILLION ANNUAL COST REDUCTIONS FROM Q3 2026

UNVEILING A NEW CORPORATE STRUCTURE, COMPOSED OF THREE DIVISIONS: ELKEM SILICON, ELKEM FOUNDRY ALLOYS AND ELKEM CARBON

CONFLICT IN MIDDLE EAST IS IMPACTING VALUE CHAINS FOR MANY OF ELKEM'S CUSTOMERS

TEMPORARILY CURTAILS ALL PRODUCTION AT RANA AND SALTEN PLANTS IN NORWAY

FIRST HALF OF 2026 WILL BE WEAKER THAN PREVIOUSLY EXPECTED AND VISIBILITY FOR NOW REMAINS LESS CLEAR

TO REDUCE GLOBAL WORKFORCE BY 300 FTES, OR 10%, BY YEAR-END 2026

ESTIMATES 2026 CASH IMPACT AT NOK 1.6 BILLION; INVESTMENTS CAPPED AT NOK 1.0 BILLION

Source text: ID:nWkrbPL16z

Further company coverage: ELK.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))