Outokumpu to end remaining temporary layoffs in...
PRESS RELEASE
August 24, 2009 at 10.30 am
Outokumpu's Tornio plant will end the currently on-going part-time
temporary layoffs for about 900 maintenance and support functions
employees from the end of September. This reflects the earlier
announced increase in production capability and the end of temporary
layoffs for employees at steel production lines. From early October
there will be no temporarily laid off employees in Tornio Works in
Finland.
Outokumpu announced in late June that it will increase its production
capability as the order intake for deliveries after the summer
vacation period was showing some recovery. The currently idled
melt-shop will start production and working shifts at the steel
production lines will be increased at the beginning of September
which is one month earlier than planned. The end of the temporary
layoffs for about 700 steel production employees at the beginning of
September was also announced in June. The plan is, however, not to
return to full production capacity at this stage.
To reflect the increasing production capability also the part-time
temporary layoffs for 900 maintenance and support functions employees
can be ended from the end of September. These temporary layoffs were
in force until further notice and their need was agreed to be
reviewed quarterly. The fixed-period temporary layoffs for about 250
employees at the Kemi Mine and Ferrochrome Works will end according
to plan in early October.
Tornio Works in Finland employs 2 300 people of which over 1 800 have
been in the scope of the fixed-period or part-time temporary layoffs
between in April - October period.
For further information, please contact:
Antti Pihko, SVP - Tornio Works, tel. +358 16 454 278, mobile +358 40
848 2948
Päivi Lindqvist, SVP Communications & Investor Relations, tel. +358 9
421 2432,
mobile +358 40 708 5351
OUTOKUMPU OYJ
Corporate Management
Ingela Ulfves
Vice President - Investor Relations & Financial Communications
tel. + 358 9 421 2438, mobile +358 40 515 1531
ingela.ulfves@outokumpu.com
www.outokumpu.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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