EMCC European Monitoring Centre on Change

Outokumpu Stainless AB

Company/Organisation:
Outokumpu Stainless AB

Geographic Location

Country: Sweden
Region: Dalarnas län; Norra Mellansverige
Location of affected unit(s): Avesta and Långhyttan

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Number Employed: 2144

Employment Effects

Announcement Date: 20-10-2011
Planned Job Reductions min: 325
Type of Restructuring: Internal restructuring
Employment Effect Start: 20-10-2011

Additional Information

Outokumpu Stainless Steel, a Finnish supplier and manufacturer of stainless steel products, will cut approximately 325 jobs in Sweden due to internal restructuring. The internal restructuring process will affect 230 jobs in Avesta and 95 jobs in Långshyttan.

Outokumpu Stainless Tubular Products AB, a subsidarity of Outokumpu Stainless Steel, recently announced that they will also close its factory in Torshälla in Sweden where 100 jobs will be cut (18916).