EMCC European Monitoring Centre on Change

Outotec

Company/Organisation:
Outotec

Geographic Location

Country: Finland
Region: Manner-Suomi
Location of affected unit(s): Espoo, Lappeenranta, Pori, Turku

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.92 - Manufacture of machinery for mining, quarrying and construction
Number Employed: 1523

Employment Effects

Announcement Date: 04-12-2013
Planned Job Reductions min: 101
Type of Restructuring: Internal restructuring
Employment Effect Start: 04-12-2013
Foreseen End Date: 01-01-2014
Other Job Reduction Measures: 50

Additional Information

 manufacturer of mining and quarrying machinery Outotec is to cut 101 jobs in Finland by the end of 2013.

As announced, the cost-cutting restructuring plan envisages half of the job cuts to be implemented through natural attrition and non-extention of fixed-term contracts.

As reported, the company will provide financial support and training opportunities to the dismissed employees.

According to media reports, during 2014 there will be possibly additional temporary lay-offs depending on the company’s financial performance.

The announced job reduction measures are part of Outotec's worldwide restructuring plan envisaging 500 job cuts.