Outokumpu concludes personnel negotiations in key European markets

Outokumpu has completed personnel negotiations in Finland, Sweden and Germany as part of its ongoing restructuring programme, which aims to deliver €100 million in cost savings by the end of 2027.

The measures focus on the company’s European operations and global group functions. According to Outokumpu, the programme combines fixed-cost reductions, workforce adjustments and efficiency improvements, alongside further optimisation of the production footprint. The restructuring is a response to persistently weak stainless steel demand in Europe and strong competitive pressure from low-priced imports, which have continued to weigh on profitability.

Across the group, the restructuring is expected to affect around 650 full-time positions by the end of 2027. Of these, approximately 450 roles were subject to formal negotiations. The concluded negotiations resulted in planned reductions of 139 positions in Finland, 109 in Sweden and 120 in Germany. Processes in other countries are still ongoing and are expected to impact around 80 additional positions.

Outokumpu said it expects to book a restructuring provision of roughly €35 million in the fourth quarter of 2025, reported as an item affecting comparability in EBITDA. The majority of the associated cash outflow is expected to occur in 2026.

Source: Outokumpu, Photo: Fotolia