-(220-x-200-px)-(130-x-130-px)-(220-x-200-px).jpg?lang=en-US&ext=.jpg)
.gif?width=200&height=200&mediaprotectionhash=ddb07947ad3b4ab959a83714461eccd5c6895f370695eb035a9ff7aa736f8ad9&ext=.gif)
Outotec to Reduce Employees in Finland
04/16/2010 - Outotec has concluded employee negotiations in Finland to seek alternative ways for cost saving to minimize the need for redundancies. The outcome is there will be a workforce reduction of 84 employees in Outotec's corporate management, support functions, research center, and business units in Finland, to be implemented in April 2010.
Outotec announced on February 9 its new operational model and measures to improve internal efficiency, targeting a 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 now concluded the employee negotiations started on February 11 in Finland to seek alternative ways for cost saving to minimize the need for redundancies. The outcome is there will be 84 redundancies in Outotec's corporate management, support functions, research center, and business units in Finland, which will be implemented in April 2010.
The total personnel reduction in Finland by the end of 2010 is expected to be about 120 employees, taking into account retirements and termination of temporary contracts. A decision will be made on temporary lay-offs during the first half of 2010.
The estimated need for personnel reductions in Outotec's global operations is around 50 employees in 2010.
Outotec is a worldwide technology leader providing innovative and environmentally sound plants, processes, equipment and services for a wide variety of customers in minerals and metals processing as well as related process industries.
