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Outotec Begins Employee Cooperation Negotiations in Finland
11/05/2014 - As part of Outotec's global profitability improvement program targeting € 45 million savings in annual operating costs (announced on 30 October 2014), the company is analyzing the resourcing needs and restructuring opportunities in its operations in Finland.
Outotec will start employee cooperation negotiations about possible reduction of workforce with the entire personnel in Finland.
The effects of the considered restructuring on different personnel groups and locations will be determined by mid December 2014. The estimated need for reductions in Finland is approximately 100 employees. The reduction measures will be realized in late 2014 and during the first half of 2015. In addition, temporary lay-offs may be used to achieve the targeted savings, depending on capacity utilization. Outotec employs approximately 1,400 persons in Finland.
Outotec provides leading technologies and services for the Sustainable use of Earth’s natural resources. As the global leader in minerals and metals processing technology, we have developed many breakthrough technologies over the decades for our customers in metals and mining industry. We also provide innovative solutions for industrial water treatment, the utilization of alternative energy sources and the chemical industry.
The effects of the considered restructuring on different personnel groups and locations will be determined by mid December 2014. The estimated need for reductions in Finland is approximately 100 employees. The reduction measures will be realized in late 2014 and during the first half of 2015. In addition, temporary lay-offs may be used to achieve the targeted savings, depending on capacity utilization. Outotec employs approximately 1,400 persons in Finland.
Outotec provides leading technologies and services for the Sustainable use of Earth’s natural resources. As the global leader in minerals and metals processing technology, we have developed many breakthrough technologies over the decades for our customers in metals and mining industry. We also provide innovative solutions for industrial water treatment, the utilization of alternative energy sources and the chemical industry.
