Outotec to cuts personnel in Finland to save cash due to challenging market conditions

By Antonio Torrisi
Published: Thursday, 30 October 2014

Following negative third quarter results compared with the same period in 2013, the Finland-based processing company has started a programme to cut annual operating costs, in order to restructure its assets and remain competitive in case conditions in the mining sector do not improve in 2015.

Finland-based processing company Outotec has started negotiations to cut 100 employees in order to save costs to counteract challenging market conditions.

The reduction of its workforce, which will allow the company to save €45m ($56.7m*), is expected to become effective at the end of 2014 and the first half of...

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