Brief: Outokumpu Starts Cooperations Negotiations Affecting Up To 450 Jobs

Outokumpu Oyj

01/10/2025 09:21

Oct 1 (Reuters) - Outokumpu Oyj OUT1V.HE:

INSIDE INFORMATION: OUTOKUMPU IS PROCEEDING WITH ITS PLANNED RESTRUCTURING PROGRAM

RESTRUCTURING TO AFFECT 650 OUTOKUMPU POSITIONS BY 2027

PLANS RESTRUCTURING FOR EUR 100 MILLION SAVINGS BY 2027

ABOUT 120 POSITIONS ARE EXPECTED TO BE REDUCED THROUGH NORMAL ATTRITION

IS NOW INITIATING NEGOTIATIONS THAT MAY AFFECT UP TO 450 EMPLOYEES

ANTICIPATES RECORDING AN ADJUSTMENT ITEM OF APPROXIMATELY EUR 45 MILLION RELATED TO A RESTRUCTURING PROVISION MAINLY IN Q4 2025

 MAJORITY OF EUR 45 MILLION CASH FLOW IMPACT IS EXPECTED IN 2026

Source text: ID:nWkr6TTnWq

Further company coverage: OUT1V.HE

 (Gdansk Newsroom)

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