Location of affected unit(s):
Espoo, Lappeenranta, Pori, Turku
Manufacture of machinery and equipment n.e.c.
28.92 - Manufacture of machinery for mining, quarrying and construction
Planned Job Reductions min:
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
Other Job Reduction Measures:
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.
04-12-2013Outotec (Press release)