Outokumpu has completed its change negotiations related to the company's plans to further restrict the ferrochrome production and to delay the restart of one ferrochrome furnace after a maintenance break at least until the end of the first quarter of 2023.
At the start of the negotiations, Outokumpu announced that the planned measures would concern at most 70 people. The aim in the change negotiations was to find a solution where Outokumpu would be able to employ the ferrochrome personnel in the other Tornio operations.
As a result of the negotiations, the fixed-term measures will affect 52 people for whom the aim is to find work in the other Tornio operations.
“The further delay of the restarting of the furnace is a difficult but necessary measure in an utterly exceptional situation. The price of electricity remains exceptionally high, and the high price continues to have a negative impact on our cost competitiveness compared to the competitors, mainly from outside Europe. The change negotiations were conducted in good cooperation, thank you to all parties involved in the process,” says Martti Sassi, President, business area Ferrochrome.
Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 9,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com