Outokumpu Corporation
Stock exchange release
October 1, 2025 at 11.15 EEST
Inside information: Outokumpu is proceeding with its planned restructuring
program
On July 31, 2025, in connection with its second-quarter results, Outokumpu
announced that it had started to plan a new restructuring program, aimed at
achieving structural cost savings of EUR 100 million by the end of 2027.
Outokumpu has now proceeded with the planning.
The scope of the restructuring program is mainly focusing on business area
Europe and global group functions. The planned structural cost savings are to be
achieved through fixed-cost reductions, efficiency improvements across the
organization, and optimization of the production footprint.
The planned measures, subject to customary local negotiations in accordance with
local legislation, are expected to affect approximately 650 Outokumpu full-time
positions by the end of 2027. The reduction of 94 positions has already been
agreed earlier, and approximately 120 positions are expected to be reduced
through normal attrition. Therefore, the company is now initiating negotiations
that may affect up to 450 employees. The negotiations are anticipated to begin
in the following weeks.
Outokumpu anticipates recording an adjustment item of approximately EUR 45
million related to a restructuring provision mainly in the fourth quarter of
2025. The majority of the EUR 45 million cash flow impact is expected in 2026.
“We continue to face persistent challenges in stainless steel demand in Europe,
intensified by low-priced imports from Asia and the limited effectiveness of
existing safeguard measures. Our current level of profitability is
unsustainable, and we need to accelerate the pace of change at Outokumpu. As a
result, Outokumpu must proceed with the planned, robust structural cost-saving
measures. Unfortunately, these plans will affect our employees, and we are
committed to supporting them throughout this transition,” says Kati ter Horst,
CEO of Outokumpu.
Employee negotiations will be conducted locally in accordance with applicable
laws and regulations. Final decisions will be made after the completion of these
negotiations.
For more information:
Investors: Ulla Paajanen, SVP, IR and Strategic Advisory, tel. +358 40 763 8767
Media: Päivi Allenius, SVP - Communications and Brand, tel. +358 40 753 7374, or
Outokumpu media desk, tel. +358 40 351 9840, e-mail media(at)outokumpu.com
Outokumpu is accelerating the green transition as the global leader in
sustainable stainless steel. Our business is based on the circular economy: our
products are made from 95% recycled materials, which we then turn into fully
recyclable stainless steel. This steel is utilized in various applications
across society, including infrastructure, mobility, and household appliances. We
are committed to 1.5°C target to mitigate climate change, and with up to 75%
lower carbon footprint than the industry average, we support our customers to
reduce their emissions. Together, we are working towards a world that lasts
forever. Outokumpu Corporation employs approximately 8,700 professionals in
close to 30 countries, with headquarters in Helsinki, Finland and shares listed
in Nasdaq Helsinki. Read more: www.outokumpu.com