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Outokumpu restructuring

Outokumpu plans restructuring measures for cost savings and starts employee negotiations Skip to Main Content [Accesskey 1] Skip to Main Navigation [Accesskey 2] About Outokumpu During the third quarter of 2020, Outokumpu recognized restructuring costs of EUR 11 million mainly relating to personnel reductions in business area Long Products. Some restructuring costs were also recognized in Other operations and in business areas Americas and Europe. These costs are reported as adjustments for the quarter (no adjustments) Outokumpu OyjInsider informationNovember 5, 2020 at 12.01 pm EET Outokumpu plans restructuring measures for cost savings and starts employee negotiationsOutokumpu is starting employee negotiation... | May 23, 202

Type of Restructuring: Internal restructuring Additional Information Outokumpu-Heatcraft, Finninsh manufacturer of parts for air conditioners, will shed from 47 to 54 of its 230 employees Restructuring of Outokumpu Stainless' long products into two business units tor, apr 08, 2004 11:45 CET. Restructuring of Outokumpu Stainless' long products into two business units In order to provide for greater focus on business development needs and to facilitate an efficiency enhancement program at Outokumpu Stainless' current Long Products business unit, the organization will be split. Outokumpu Oyj: Outokumpu plans restructuring measures for cost savings and starts employee negotiations Publicerad: 2020-11-05 (Cision) Outokumpu Oyj: Outokumpu suunnittelee toimintojensa uudelleenjärjestelyjä kustannussäästöjen saavuttamiseksi ja aloittaa henkilöstöneuvottelu because they relate to events and depend on circumstances that may or may not occur in the future. Future results of Outokumpu may vary from the results expressed in, or implied by, the forward-. looking statements, possibly to a material degree. Factors that could cause such differences include

New bond issue: Outokumpu issued international bonds (XS2200501653) with a 5% coupon for EUR 125.0m maturing in 2025: 01/04/2020: Moody's Investors Service downgrades LT- foreign currency credit rating of Outokumpu to B3; outlook negativ Products. Explore our product offering to find the optimal stainless steel for your application. Overvie

Outokumpu third quarter interim statement 2020 - Rigorous

  1. the Group's profitability. During the third quarter of 2020, Outokumpu recognized restructuring costs of EUR 11 million mainly relating to personnel reductions in business area Long Products. Some restructuring costs were also recognized in Other operations and in business areas Americas and Europe. These costs are reported a
  2. Outokumpu, a Finnish Steel production company, has completed collective bargaining negotiations and will dismiss 170 employees in Sweden. The job cuts are a result of the negotiations announced in November 2020 during which 190 planned job losses where announced in Sweden. The company's units in Avesta, Degerfors and Nyby are affected by the.

Outokumpu Oyj Insider information November 5, 2020 at 12.01 pm EET. Outokumpu plans restructuring measures for cost savings and starts employee negotiations. Outokumpu is starting employee negotiation processes in selected operating countries with the plan to create cost savings by restructuring and reducing total employee headcount by up to approximately 1,000 (10% of the Group total) mostly. Furthermore, Outokumpu will consider a reduction of thin cold rolling capacity in Sweden from 2014 onwards. The overall global restructuring is expected to result in a reduction of up to 2000 jobs over the next four years. These measures will strengthen the combined entity's financial profile and, in turn, provide greater job security in the. FINANCIAL STATEMENT BULLETIN 1 February 2012 at 8.30 am EET Year 2011 highlights - Underlying operational result some EUR -66 million (2010: some... | May 24, 202 Outokumpu plans restructuring measures for cost savings and starts employee negotiations. Outokumpu is starting employee negotiation processes in selected operating countries with the plan to create cost savings by restructuring and reducing total employee headcount by up to approximately 1,000 (10% of the Group total) mostly by the end of 2021

OUTOKUMPU OYJ - HEAVY RESTRUCTURING ACTIONS TAKEN, STAINLESS MARKET WEAKER Second-quarter 2011 highlights - Underlying operational result some EUR -5 million (I/2011: EUR -12 million). - Raw material-related inventory losses of some EUR 26 million (I/2011: gains of some EUR 45 million) and non-recurring items of EUR -138 million (I/2011: none) The tripartite EU agency providing knowledge to assist in the development of better social, employment and work-related policie Outokumpu - Turnaround nearing (Buy, PT €6). OUT1V is nearing two key inflection points. In Europe, the final steps in a multi-year restructuring process should push utilisation rates >90% by 2016. In the US, commercial ramp-up of Calvert should also be completed by 2016, driving earnings and cash generation growth. As FCF yield rises from 11% to 17 Productos. Explore nuestra oferta de productos para encontrar el acero inoxidable óptimo para su aplicación. Overvie

Finnish stainless steel company Outokumpu has concluded talks with worker representatives in Germany on restructuring measures and will now close the Bochum plant in 2015, the group said on Monday March 31 Finnish steel company Outokumpu has said that to be profitable it will have to ax far more jobs in Europe than originally planned. The firm also announced the early closure of a smelting works in. To improve efficiency and cut costs, Outokumpu is restructuring its Stainless Tubular Business Unit (OSTP). Outokumpu Restructures Tubular Business This website requires certain cookies to work and uses other cookies to help you have the best experience Outokumpu has completed its employee negotiation processes which were started in selected operating countries in November 2020 with the aim to create cost savings by restructuring and reducing. We will also target fixed cost savings through planned restructuring measures, Heikki Malinen, Outokumpu's CEO, said. The company stated that it is starting employee negotiation processes in selected operating countries with the plan to create cost savings by restructuring and reducing total employee headcount by up to approximately 1,000 mostly by the end of 2021

in restructuring Outokumpu's specialty stainless operations back to the path of profitability. I trust that his 35 years' experience and focus will accelerate the transformation and turn-around of Outokumpu. As part of these changes Outokumpu will conduct a strategic review of its cold rolling and precision stri The EMEA restructuring plan remains intact, at its center the closure of Bochum melt shop in 2015. All in all, Outokumpu's total targeted savings are now expected to reach EUR 550 million by the end of 2017. Outokumpu will also continue focused efforts to improve its cash flow Issue Information Domestic bonds Outokumpu, 4.125% 18jun2024, EUR. Issue, Issuer, Yield, Prices, Payments, Analytical Comments, Rating Outokumpu announced today that the negotiations regarding the industrial plan have been successfully concluded with the employee representatives and unions in Germany. The industrial plan for Business Area EMEA Stainless was originally announced in October 2013, with a target of EUR 100 million annual savings, contributing to the overall annual synergy and cost savings of EUR 450 million in 2017 Outokumpu is a global leader in stainless steel that has been instrumental in developing the stainless steel industry into what it is today. In a history that is as old as that of stainless steel itself the company has operated from established sites in Germany and the UK, where stainless steel was invented in the 1900s and in Sweden, where duplex was invented

Outokumpu Oyj : plans restructuring measures for cost

Outokumpu Oyj Financial statements release February 4, 2021 at 9.00 am EET. Outokumpu financial statements release 2020 - Outokumpu navigated successfully through the pandemic in 2020. Highlights in Q4 2020 Stainless steel deliveries were 523,000 tonnes (458,000 tonnes)[1]. Adjusted EBITDA was EUR 78 million (EUR 73 million) The expected higher EBITDA and lower interest costs following the group's planned debt reduction, besides improving interest coverage, should also enable Outokumpu to maintain solid positive FCF over the next two years, despite an expected significant working capital build-up and higher restructuring related cash payments in 2021 During the third quarter of 2020, Outokumpu recognized restructuring costs of EUR 11 million mainly relating to personnel reductions in business area Long Products. Some restructuring costs were also recognized in Other operations and in business areas Americas and Europe. These costs are reported as adjustments for the quarter (no adjustments) New Stories. Outokumpu Upgrades Its Guidance For The Fourth Quarte

Outokumpu Heatcraft Eurofoun

  1. Outokumpu's main shareholder is Solidium, a holding company wholly owned by the Finish government, with a stake of around 21.7%. REGULATORY DISCLOSURES For further specification of Moody's key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form
  2. Outokumpu Oyj Inside information May 8, 2019 at 8.00 am EEST Outokumpu sells real estate in Germany for EUR 90 million Outokumpu and CG Gruppe AG have signed a
  3. Outokumpu Oyj: Outokumpu julkistaa uuden strategian ja taloudelliset tavoitteet taseen vahvistamiseksi. Outokumpu julkistaa uuden strategian ja taloudelliset tavoitteet taseen vahvistamiseksi. Outokumpu julkistaa tänään uuden pitkän aikavälin strategiansa, taloudelliset tavoitteet vuodelle 20..
  4. Issue Information Domestic bonds Outokumpu, 7.25% 16jun2021, EUR. Issue, Issuer, Yield, Prices, Payments, Analytical Comments, Rating
  5. Summary. Outokumpu is the largest producer of stainless steel in Europe. The recent annual report indicated more positive market outlook. My DCF-model suggests an intrinsic value of 4.30 per share
  6. Outokumpu Oyj Insider information November 5, 2020 at 12.05 pm EE
  7. Privately-owned Finnish shipping company Oy Langh Ship AB reports that Outokumpu has signed a new long-term contract covering shipments of around 600,000 tpa of highvalue stainless steel products from its Tornio works to its plant in Terneuzen in the Netherlands

Boliden AB is a Swedish mining and smelting company focusing on production of copper, zinc, lead, gold and silver.Following a series of acquisitions during the 1980s and 1990s the company acquired mining and smelting assets of the Finnish mining and smelting company Outokumpu in 2003. Outokumpu acquired the subsidiary Boliden Contech and Boliden's copper and zinc divisions AIST's Steel News provides the steel community with technological and innovative news on the people, producers and suppliers in the North American and international steel communities. Follow us on Twitter @AISTSteelNews Outokumpu in accordance with the transaction agreements. Contents ing a successful restructuring of the company.Earnings and financial stability have improved as a result of increased operational efficiency and cost cutting meas-ures, supported by favorable hedging arrangements

Restructuring of Outokumpu Stainless' long products into

The ramp down of the Bochum melt shop and the closure of Krefeld melt shop in 2013 were both key elements in the significant industrial restructuring and achieving the synergies following the merger of Outokumpu and Inoxum. Furthermore, it is fundamental to the turnaround of Coil EMEA Outokumpu completes the Benrath closure. 29 September 2016. As the Benrath cold rolling mill produces its last coil, Outokumpu has announced the completion of the Benrath closure and the transfer of the operations to its cold rolling mill in Krefeld Outokumpu Oyj Insider information November 5, 2020 at 12.05 pm EET. Outokumpu announces new strategy and financial targets with focus on strengthening the balance sheet. Outokumpu announces today its new long-term strategy, financial targets for 2022 and key measures to competitively position itself for the future by strengthening its balance sheet in the shorter term and by de-risking the. Outokumpu third quarter interim statement 2020 - Rigorous measures improved cash flow and net debt decreased to EUR 1.1 billion. Highlights in Q3 2020 Stainless steel deliveries were 488,000 tonnes (533,000 tonnes)[1] Outokumpu Oyj, the Finnish maker of stainless steel, fell the most in 10 months in Helsinki trading after scaling back forecasts that profit will improve

Outokumpu Aktie - Dagens Industri - d

International bonds: Outokumpu, 5% 9jul2025, EUR

The restructuring will result in costs of EUR 75-80 million, which will be presented as EBITDA adjustments. Outokumpu's financial targets are to improve EBITDA by 200 million. and a reduction in net debt to EBITDA of less than three Outokumpu has been hit hard by Europe's economic slowdown and by overcapacity in the industry, pushing up its debt and leading to speculation that it may need more cash from its shareholders. The assets will be transferred to ThyssenKrupp in exchange for the cancellation of a 1.25 billion euro (1.0 billion pounds) loan note that Thyssen granted to Outokumpu when their original deal was done in. HELSINKI (AP) -- Finnish metals group Outokumpu Oyj said Thursday it will lay off 1,300 workers worldwide to cut costs and improve profitability as its third-quarter net loss doubled t HELSINKI/FRANKFURT (R) - The world's No. 1 stainless steel maker Outokumpu (HEX:OUT1V) said it planned to raise 650 million euros through a rights issue and divest assets back to ThyssenKrupp (GER:TKA) in an unexpected package of steps aimed at shoring up its finances. The move will partly reverse Finnish Outokumpu's 2012 acquisition of Thyssenkrupp's stainless steel business Inoxum as. Outokumpu posts operating loss due to restructuring costs. Wednesday, 20 July 2011 12:34:44 (GMT+3) | On July 20, Finland-based stainless steel producer Outokumpu announced second quarter results. In the second quarter of 2011, the company reported €169 million.

Impact on society Outokump

The restructuring creates a more efficient organisation with increased operational focus and stable profitability, and leads to more efficient production, said Bo Annvik, head of Specialty Stainless. Additionally, special stainless products will benefit from the growing demand for tailored products in the mid-term and the opportunity to increase exports to fast-growing markets outside Europe. Outokumpu changes operational model. 08 July 2014. The global stainless steel company, Outokumpu, has announced changes in its operational model in efforts to increase customer & market orientation, drive business performance and increase speed and accountability Finland-based stainless steel producer Outokumpu said Monday it has seen a small upturn in stainless demand and is cautiously optimistic about forward prospects Outokumpu Stainless Tubular Products AB. jan 2007-nu14 år 3 månader. Full responsibility for sales volume and margin - 3000 MSEK. Responsible for sales strategy. Responsible for guiding international sales force of 60 people, support in larger accounts on top management level. Carried out a complet restructuring and over-haul of sales.

Vice President Mill Controlling Germany & Sweden. Outokumpu Nirosta Gmbh. Juni 2016-Juni 20182 Jahre 1 Monat. Krefeld, Nordrhein-Westfalen, Deutschland. Overall business controlling responsibility for the German cold rolling as well as the Swedish mill operations of Outokumpu. Special experiences gained Moody's expects Outokumpu to achieve at least break-even FCF generation in 2021, i.e. below the 2020 levels due to a moderate working capital build-up and higher restructuring related cash.

Outokumpu - Group underlying EBIT EUR -5 million and operating cash flow EUR 54 million - record-high deliveries and improving performance in Americas by 24hGold 24hgol The sold land has been unused since 2016 when Outokumpu closed its cold rolling operations in Benrath as part of the restructuring of the company's European operations. For more information: Investors: Tommi Järvenpää, VP - Investor Relations, tel. +358 40 576 0288. Media: Reeta Kaukiainen, EVP - Communications and IR, tel. +358 50 522. Outokumpu (Finland) in the provision of a new secured liquidity facility and the coordinated restructuring and refinancing of four syndicated and 12 bilateral loans in connection with the sale of Acciai Speciali Terni (Italy) and VDM (Germany) to ThyssenKrupp (Germany) Outokumpu Oij. Headquarters : P.O. Box 140 Riihitontuntie 7 B FIN-02201 Espoo Finland web www.outokumpu.com tel. +358 9 421 2438 email: johanna.sintonen@outokumpu.com analytics

Outokumpu - nyheter om bolaget - Dagens Industr

From 1867 to 2005 a total of 7 million small, medium-sized and large engines were built. 2005. January 1: A new company DEUTZ Power Systems & Co. KG (DPS) with headquarters in Mannheim is founded. All activities related to the medium-sized and large engine business (180 to 4000 kW) are brought together in DPS STOCK EXCHANGE RELEASE11 October 2011 at 2.00 pm EETOSTP, the Outokumpu and Tubinoxia joint-venture for tubular products, began its operations on 1 October 2011. The company's new board of director Rating Action: Moody's upgrades Outokumpu's CFR to B2; changes outlook to positive. Read the full article at Moody's. SEE ALSO: Corporate restructuring needs could surpass 2008 levels amid a surge.

Outokumpu Eurofoun

OUTOKUMPU Board of Directors CORPORATE POLICY Public: March 24, 2009 Updated: February 11, 2015 OUTOKUMPU'S DISCLOSURE POLICY 1. Introduction Outokumpu is committed to active and open communication with all of its stakeholders in a credible, proactive, unbiased and timely manner. Outokumpu shares are listed on the NASDAQ Helsinki Ltd. INTERVIEW: We can get a better result on Terni, Outokumpu says. Finnish stainless steelmaker Outokumpu is confident that bidders for its Italian subsidiary Acciai Speciali Terni (Terni) will raise their bids before the end of the year. Published on September 10, 2013 13:15 PM. By

Outokumpu Oyj: Outokumpu plans restructuring measures for

Outokumpu first quarter interim statement provisions related to EMEA restructuring EUR million-8 3 10 EBITDA EUR million 42 90 36 259 Operating capital EUR million 2,055 1,894 1,934 1,934 2XWRNXPSXK DVD GRSWHG,)56 ± / HDVHVR Q- DQXDU\ & RPSDUDWLYHL QIRUPDWLRQK DVQ RWE HHQU HVWDWH Outokumpu Oyj - Strategy and SWOT Report, - is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company Oyj (FI) - Outokumpu divesting part of its ownership in Talvivaara by 24hgold 24hgol

Outokumpu completes ThyssenKrupp Inoxum amalgamatio

Photo courtesy of Outokumpu. The ramp down of the Bochum melt shop and the closure of Krefeld melt shop in 2013 were both key elements in the significant industrial restructuring and achieving the synergies following the merger of Outokumpu and Inoxum. Furthermore, it is fundamental to the turnaround of Coil EMEA Outokumpu transfers operations to Krefeld. 26 September 2016. Outokumpu, a global leader in the stainless steel industry, with numerous locations throughout the Americas, has announced the transfer of operations at Benrath to its cold rolling mill in Krefeld, Düsseldorf Precision Stainless Steel Market research reports are acquiring huge importance in this speedily transforming market place; hence market report has been endowed in a way that is anticipated. Besides, businesses are greatly depending on the different segments involved in the market research report as it offers better insights to drive the business on the right track

Outokumpu : Outokumpu's Annual Accounts Bulletin 2011 - a

He also advised Outokumpu Oyj in its €2.8 billion acquisition of the Inoxum business unit from ThyssenKrupp AG, *The firm's Global Transactions Practice encompasses the mergers and acquisitions, securities, corporate restructuring, real estate and intellectual property practices. Recent Insights & News the restructuring of the group in 1995. KME's management was separate from that of its sister companies until the said restructuring, in which 42 Number1—Spring2004 Antitrust. KME obtained 100% control in both Europa Metalli and Tréfimétaux. Outokumpu was rewarded by a.

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Outokumpu's 1995 Annual Report is available in Finnish and English. The Outokumpu Group will publish two interim reports in 1996. The January-April report is scheduled for publication on June 6, 1996, and the January-August report on Octo-ber 7, 1996. Both reports are printed in Finnish and English. All reports can be obtained from: Outokumpu. VDM Metals Group (formerly Vereinigte Deutsche Metallwerke) based in Werdohl, Germany, is a manufacturer of corrosion-resistant, heat-resistant and high-temperature nickel alloys, cobalt and zirconium alloys as well as high-alloyed special stainless steels.These materials are used in the chemical process industry, the oil and gas industry, aerospace, automotive and electronics / electrical. If ThyssenKrupp was to decide to sell or in any way change the ownership of the Acciai Speciali Terni steelworks, the Commission would look into whether such reorganisation or sale is not in breach of any potential outstanding obligations that ThyssenKrupp may have undertaken following the remedy implementation process (1) in the Outokumpu/Inoxum merger (2) Restructuring benefits. We expect incremental in-year benefits from the 2017-2019 restructuring programme of £60m in 2020. Disposals. We expect an impact of £55m on adjusted operating profit from portfolio changes including £65m from the sale of Penguin Random House. Interest & tax Dr Theodor. 5 helmikuu 08.11. kommentoi arvopaperia Outokumpu Oyj. Otroligt imponerande rapport av outokumpu. 304 och 316 - priserna fortsätter öka, bra prisförändringar i förhållande till nickelprisets förändring, positiva valutaeffekter, bättre balansräkning, mindre personal, execution (!), bättre guidance än väntat

Outokumpu Oyj Heavy Restructuring Actions Taken, Stainless

those of EM and TMX only after the restructuring of the group in 1995, when KME obtained 100 % of the shares in EM and TMX. It may therefore be concluded that during the period from 1988 to 1995, KME is liable only for its own conduct but not for that of its sister companies. (5) On the other hand, EM and its wholly-owned subsidiar M.6471 Outokumpu/Inoxum (decision available here: https: However, the Commission encourages the proactive and socially responsible management of restructuring operations by companies and all actors involved, in line with the EU Quality Framework for anticipation of change and restructuring

Vinge is advising Outokumpu in connection with its tubular unit (OSTP) joint venture with Tubinoxia S.r.l, an italian company controlled by Mr. Andrea Gatti. Tubinoxia will become a minority owner of OSTP with an option to become a majority owner in three years Sitten tuli Outokummulta EMEA restructuring ilmoitus viime syksynä, samoin Terni/VDM toimintojen myynti takaisin TK:lle, jonka yhteydessä TK irtautuu Outokumpu- omistuksestaan. Kaikki (ylle liittyvät asiat) jouduttiin neuvottelemaan uudestaan IG-Metall'in ja Thysseninkin kanssa. Outokummun pörssitiedote 30.3.2014 1976-1997: The time with Electrolux. If someone ten years earlier had predicted that the vacuum cleaner and white goods company Electrolux would soon take over and dismantle Sweden's perhaps most respected company Gränges, this would have immediately been dismissed as a bad joke. Electrolux was, almost no matter how measured, only a third.

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