Finnish mining and metal manufacturing equipment provider Outotec has announced that the employee cooperation negotiations concerning its Finland operations have been completed.
Accordingly, Outotec has decided to cut 101 jobs at its Espoo, Pori, Lappeenranta and Turku operations in Finland due to reduced workload and restructuring. Most of the reduction measures will be completed by the end of 2013.
Outotec said that, in addition to personnel reduction, temporary lay-offs will take place in the Turula works and may also be used in other locations during 2014 to achieve the targeted savings, depending on the development of the market environment and the company's order intake.
The negotiations were part of Outotec's global efficiency improvement program, launched in October 2013 and targeting up to €50 million annualized savings in operational costs by the end of 2014 compared to the third quarter of 2013.