EMCC European Monitoring Centre on Change

Outokumpu

Company/Organisation:
Outokumpu

Geographic Location

Country: Sweden
Location of affected unit(s): Avesta, Degerfors, Nyby

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Number Employed: 1716

Employment Effects

Announcement Date: 22-12-2020
Planned Job Reductions min: 170
Planned Job Reductions max: 170
Type of Restructuring: Internal restructuring
Direct Dismissals: 170

Additional Information

Outokumpu, a Finnish Steel production company, has completed collective bargaining negotiations and will dismiss 170 employees in Sweden. The job cuts are a result of the negotiations announced in November 2020 during which 190 planned job losses where announced in Sweden. The company's units in Avesta, Degerfors and Nyby are affected by the job cuts. 

In addition to the job cuts in Sweden, the company announced that it will dismiss 480 employees in Finland and Germany. The job cuts are a part of a larger restructuring programme, which intends to cut 1,000 jobs worldwide by the end of 2021. According to the company, high import pressure and the impact of the COVID-19 pandemic on the global economy have forced the company to reduce fixed costs, of which personnel expenses are a significant part. 

Outokumpu is a global company whose head office is located in Finland. Outokumpu currently has 10,000 employees worldwide. 

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