Outotec to reduce over 100 employees in Finland
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE, MARCH 30, 2010 AT 1.00 PM
Outotec to reduce over 100 employees in Finland
Outotec announced on February 9, 2010 its new operational model and measures to
improve internal efficiency, targeting at EUR 25 million annualized savings in
operational fixed costs compared to the cost level of the fourth quarter of
2009. Part of these savings will come from personnel reduction. Outotec has
concluded the employee negotiations started on February 11, 2010 in Finland to
seek alternative ways for cost saving and measures to minimize the need for
redundancies.
The outcome of the negotiations is that there will be altogether 84 redundancies
in Outotec's corporate management, support functions, research center and
business units in Finland. The redundancies will be implemented in April 2010.
The total personnel reduction in Finland by the end of 2010 will be
approximately 120 employees when taking into account retirements and termination
of temporary contracts. The need for possible temporary lay-offs will be decided
separately during the first half of 2010.
In addition, the estimated need for personnel reductions in Outotec's global
operations is approximately 50 employees in 2010.
For further information please contact:
OUTOTEC OYJ
Pekka Hukkanen, Vice President - Compensation and Benefits
tel. +358 20 529 2065
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817198
e-mails:firstname.lastname(at)outotec.com
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www.outotec.com
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Datum: 30.03.2010 - 06:02 Uhr
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