Outotec starts employee cooperation negotiations to streamline certain units in Finland and Germany

OUTOTEC OYJ PRESS RELEASE NOVEMBER 17, 2016 at 2.00 PM

Outotec starts employee cooperation negotiations to streamline certain units in Finland and Germany

Outotec continues to adjust its operations due to prolonged weak market situation for the metals refining solutions. The company is analyzing the resourcing needs and restructuring opportunities in its Metals, Energy & Water business unit globally and will start employee cooperation negotiations about the restructuring and possible reduction of workforce in certain units in Finland and Germany.

In Finland, the restructuring may lead to the reduction of maximum 60 permanent employees working for the Metals, Energy & Water business unit. Of these planned reductions, maximum 40 are in the Turula manufacturing facility to adjust resources to the low workload and streamline operations. Depending on capacity utilization, temporary lay-offs may also be used in these units.

In Germany, the restructuring may lead to the reduction of approximately 100 permanent positions. Some individual redundancies may also be made in other countries.

In total, the restructuring may lead to the reduction of maximum 200 employees globally through redundancies.

"The market environment has continued to be challenging in metals refining. For this reason, we need to continue adjusting our operations and improve our cost structure in Metals, Energy & Water. The actions we need to take are tough but necessary to ensure our competitiveness", says Kalle Härkki, head of Outotec's Metals, Energy & Water business unit.

Outotec has globally 4,170 employees, of which approximately 1,400 are working in Metals, Energy & Water business unit.

For further information please contact:

OUTOTEC

Kalle Härkki, President of Metals, Energy & Water business unit
Tel. [phone]

Eila Paatela, head of Corporate Communications
Tel. [phone], mobile [phone]

Emails: [e-mail]

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Source: Outotec Oyj via Globenewswire